A popular crypto strategist says a breakthrough rally is in sight for the leading smart contract platform Ethereum (ETH).
The crypto analyst known in the industry as Kaleo tells his 531,000 Twitter followers that Ethereum has broken out of its diagonal resistance to Bitcoin (ETH/BTC), and the pair seems poised for another step up.
“ETH/BTC looks poised to finally rip higher… This is bullish.”
At the time of writing, the ETH/BTC pair is trading at 0.073 BTC ($1.675).
Kaleo is also bullish on BNB, the utility token of crypto exchange giant Binance. According to the crypto strategist, BNB is looking strong as it prints a new all-time high against Bitcoin.
“BNB/BTC is a real tank. Still higher in price discovery today.”
Looking at Bitcoin itself, Kaleo predicts a brief pullback for BTC to around $22,000 before the king crypto hits its target at $28,000.
“It’s going to happen, but you wouldn’t believe it.”
The last crypto asset on the merchant’s radar is the peer-to-peer payment protocol Litecoin (LTC). According to Kaleo, LTC is looking bullish against Bitcoin (LTC/BTC) after the pair broke out of a major resistance.
“One of the scariest things in the market right now is what bullish Litecoin looks like. Multi-year high time frame LTC/BTC outbreak, above that flag on low time frame.”
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