Wednesday, May 5, 2021

Prominent Trader Lists LTC, LINK, ALGO as Altcoins with Potential to Spark Major Rallies

A prominent crypto analyst and trader identified on Twitter as Kaleo has listed altcoins with bullish potential to spark major rallies this year. The trader added that Bitcoin (BTC), the largest cryptocurrency by market cap, is poised to hit $250,000 by July 2021.

According to the pseudonymous crypto analyst, traders are underestimating the potential of Litecoin (LTC) in the market. He believes that the top digital token is poised to follow its 2017 bull rally to gain over 1000% from its current price of $203.

Read Also: Dogecoin (DOGE) Tweet Volume Rises by Over 1800%, Becomes First Altcoin to Surpass Bitcoin (BTC)

Kaleo noted:

“LTC 2017 fractal. If this plays out, there’s still time to accumulate, but you see why it’s worth it to slowly stack… 

Now is the time to stack LTC. Litecoin has vertical moves, usually from points of max pain vs. BTC. When it finally goes off, it’ll move faster than you have time to FOMO into it. Buy a little each day now. Thank yourself later.”

Another altcoin that Kaleo is keeping an eye on is Chainlink (LINK). The trader stated that the decentralized oracle network will follow the footsteps of Solana (SOL) that doubled its price in a matter of weeks.

The third coin on Kaleo’s radar is Algorand (ALGO), a project that aims at developing a scalable, secure, and decentralized blockchain.

The trader told over 60,000 Twitter followers that the crypto asset is getting ready to print up to 242% rally to $6 from its current price of $1.75:

“Remember the big picture. ALGO is only just getting warmed up.”

Regarding Bitcoin (BTC), Kaleo said investors still have enough time to join the leading cryptocurrency’s success train:

“Bitcoin/BTC. We’re still early.”

Read Also: Novogratz: Galaxy Digital Holds 70% BTC 25% ETH 5% DeFi; Says Rally Will Extend into 2022

According to the chart presented by Kaleo, Bitcoin (BTC) is taking a page out of its 2017 bull market where it consolidated below $2,000 before a meteoric surge to $20,000.

The crypto strategist believes Bitcoin (BTC) is setting the stage once again for a significant bull run that would send its price to $250,000 by July 2021.

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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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