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.
[adinserter block="1"]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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