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A prominent crypto strategist and trader is considering breakouts for three late altcoins while waiting for Chainlink (LINK) to catch fire.
The analyst known in the industry as Inmortal told his 63,200 Twitter followers that the peer-to-peer payment network Litecoin (LTC) has broken away from consolidation and is on the verge of rallying to his goal of $ 260.
“Perfect timing. Now teleport it to $ 260.
Source: Immortal / Twitter
Inmortal is also looking at the Bitcoin Bitcoin Cash (BCH) fork and the EOS smart contract platform, which he says will likely follow Litecoin’s bullish ascent.
“BCH / USD. Time to play the latecomers. LTC is leading the way (old coins). I think BCH and EOS could follow suit.”
Source: Inmortal / TradingView
Then, the decentralized Chainlink Oracle network. According to Inmortal, he is waiting for Chainlink to break his immediate resistance against Bitcoin (LINK / BTC) at 0.00065 BTC, worth $ 32.51 at the time of writing.
“One of my favorite ALT / BTC charts.
The plan is simple, wait for a clear break above the KEY + 200MA (moving average) level to confirm this spread, then buy / long on a retest, targeting those highs equal to 0.001 BTC ($ 50).
High probability 3R configuration.
Source: Inmortal / TradingView
As for Bitcoin, the crypto analyst says he believes BTC will eventually break through key resistance at $ 50,000 and hit its target at $ 60,000.
“BTC / USD
BTC will follow ETH.
Vertical accumulations lead to expansion.
Source: Inmortal / TradingView Don’t Miss a Beat Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check the latest news Disclaimer : The opinions expressed in Daily Hodl are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.
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