A crypto trader who correctly called the 2018 Bitcoin (BTC) bear market bottom is predicting a strong burst to the upside for Litecoin (LTC).
Pseudonymous trader Bluntz tells his 223,300 Twitter followers that the peer-to-peer payments network Litecoin appears poised to surge ahead of its halving event slated for August.
According to the crypto strategist, LTC looks bullish on both its USD and BTC pairs.
“I think LTC is finally gearing up for the halving run.
Attempting a 195-day range breakout on the USD pair and also firmly back into the prior breakdown range on its BTC pair indicating a move to the top of the range.
Another one I’m happy to hold for a long-term swing.”
Looking at the analyst’s chart, he appears to predict a Litecoin rally toward $140. At time of writing, LTC is trading for $107.16, suggesting an upside potential of over 30% should Litecoin hit Bluntz’s target.
Turning to Ethereum (ETH) competitor Solana (SOL), Bluntz says that the 11th-largest crypto asset by market cap is flashing a bullish reading against Bitcoin (SOL/BTC).
“Nearly 10% four-hour candle on SOL plus a very nice daily engulfing forming on the BTC pair.”
At time of writing, the SOL/BTC pair is trading for 0.0006069 BTC worth $18.49.
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