A high-profile crypto trader is offering up some short-term bullish price predictions for XRP, Litecoin (LTC) and Binance Coin (BNB).
The pseudonymous analyst Kaleo shared with his 161,000 followers that he believes XRP is going to surmount the $2 dollar mark within the next week.
“XRP. ARE YOU NOT ENTERTAINED???
SEND IT HIGHER”
The fourth-largest asset by market cap has been on a tear recently, rallying by 144% on the week. Ripple’s native token has been soaring since the firm had two big wins in its legal battle with the U.S. Securities and Exchange Commission (SEC). The payments giant was able to both keep chief executives Brad Garlinghouse and Chris Larsons’ financial histories sealed and was able to unearth documents revealing that the SEC had previously referred to XRP as a “digital currency,” not as a security.
Kaleo also has his eyes on BNB, noting that the asset has broken out of a descending wedge pattern in its US dollar pair and almost passed the $500 mark. Kaleo says $750 is his next target for the coin, remarking that he’s “never been more long” on a trade.
“BNB to $500 almost complete. $750 sooner than you think.”
The analyst adds that although BNB is seeing a strong break to the upside, it will really begin its march upward when it breaks out in its BTC pair, which he believes will occur shortly.
“BNB just made a USD all-time high (ATH), but it won’t really take off until the BTC pair makes a new ATH, which should happen pretty soon.”
Finally, the trader is also bullish on Litecoin or “digital silver” as he calls it. Kaleo notes that he is long on Litecoin, as it appears to be battling with resistance in its BTC pair.
“LTC/BTC pair has shown strength throughout the day. I longed resistance here.”
Now that LTC has briefly bested the $260 level, he believes it will also fly in its USD pair.
“Clean break of $250, and a quick return to the ATH seems likely”Check Price Action
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Bryan Vectorartist