Pseudonymous crypto trader Kaleo tells his 593,100 Twitter followers that he believes that the Bitcoin (BTC)-hard fork BCH will continue the rally it sparked last month that saw it go around the $106 level to a peak of $321.89 on June 30th, a 202% increase.
“Have a good feeling BCH is far from done.”
Bitcoin Cash has since retraced and is trading for $283 at time of writing.
The strategist then turns his attention toward Litecoin, saying that he’d “punt” the crypto asset once it lands somewhere between the $95 to $105 range, but says the altcoin could rally back up to the $110 area due to hype surrounding its upcoming halving date in August.
“I’m a fan of punting on LTC in the $95-$105 range after the pullback off HTF [high time frame] resistance. With hype around the halving coming up only a month away, I think there’s potential we could see a decent squeeze at a reclaim of $110+ on the HTF bearish trend break.”
Furthermore, Kaleo’s charts indicate that he believes the LTC/BTC pair will skyrocket above $0.0040. At time of writing, it is valued at $0.003432 while Litecoin is trading for $97.30.
Moving on to the popular meme asset PEPE, Kaleo says he’s “seeing some movements on the front lines,” and that he envisions the altcoin going back up to the $0.0000036 range, a price it hasn’t seen since early June.
PEPE is trading for $0.000002 at time of writing.
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