Trader Says Large-Cap Altcoin Looks Poised to Outperform Bitcoin, Predicts New All-Time High Against BTC

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.

Source: CryptoKaleo/Twitter

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.

Source: CryptoKaleo/Twitter

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.

Source: CryptoKaleo/Twitter

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

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