A widely followed crypto analyst claims that the top 10 altcoin (MATIC) polygons appear on track to hit an all-time high against Bitcoin (BTC).
Pseudonymous Digital Asset Trader Crypto Kaleo recount its 551,200 Twitter followers that blockchain scaling solution Polygon looks bullish against Bitcoin (MATIC/BTC) after retesting key diagonal resistance as support.
“MATIC/BTC continues to make slow progress in this range. When zoomed out, the plan remains the same. New absolute record imminent.
Based on the trader’s chart, he seems to be predicting a strong rally for MATIC/BTC en route to a new all-time high around 0.00007 BTC ($1.20). At the time of writing, MATIC/BTC is changing hands for 0.00005274 ($0.90), suggesting more than 32% upside potential for the pair.
Kaleo then focuses on Bitcoin, to predict that BTC will rally above $18,000 after a slight pullback below $17,000 in the coming days.
“They said it’s going to zero but we’re back to the highs of the range. $18,000 is a magnet.
At the time of writing, Bitcoin is trading at $17,149, a fractional drop on the day.
Kaleo also analyzes the peer-to-peer payments network Litecoin (LTC), saying its run against Bitcoin (LTC/BTC) is not over yet.
“The LTC/BTC ratio finished retesting recent highs this weekend. I still expect Litecoin to continue to overtake the market in the near future.
According to the Kaleo chart, he expects LTC/BTC to climb towards his target of around 0.0058 BTC ($99.40). At the time of writing, LTC/BTC is trading hands for 0.00444 BTC ($76.09), suggesting a possible 30% upside for the pair if it reaches Kaleo’s target.
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Featured image: Shutterstock/issaro prakalung