Extensively-followed crypto dealer Kaleo has sky-high expectations for Litecoin (LTC), Binance Coin (BNB), and one untapped altcoin.
In a brand new tweet, Kaleo exhibits a chart indicating an enormous value goal for Litecoin at $2,000.
“For this reason I’m shopping for spot Litecoin on daily basis it’s below $500.”
As for Binance Coin (BNB), Kaleo sees the red-hot change token occurring an explosive rally to the $1,000 degree after it takes out resistance of $680.
“When $680 breaks and BNB enters value discovery, I count on value appreciation to speed up quickly.”
Kaleo has additionally acquired his eye on an altcoin that also hasn’t come anyplace near its all-time highs (ATH) from the earlier bull cycle.
The dealer compares the value motion of EOS to that of Ethereum Traditional (ETC) and says that the 2 have a putting similarity. From his perspective, EOS appears precisely like Ethereum Traditional simply earlier than ETC rocketed skyward.
“EOS vs. ETC USD comparability
After ETC began to breakout, it accrued beneath its earlier ATH previous to capturing straight previous it. The construction of the EOS chart appears extraordinarily related. I don’t count on it to cease within the low $20s when it strikes out of its present vary.”
Following EOS’ retest of assist after the preliminary breakout, Kaleo says he stacked extra as he sees extra upside potential.
“Added some EOS right here. I see it as solely a matter of time earlier than it reclaims the highs set a number of weeks in the past. As soon as $9.00 is breached, it ought to have a comparatively clear path again to the outdated ATH of $23.00.”
Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in online marketing.
Featured Picture: Shutterstock/NextMarsMedia