Trader Says One Large-Cap Altcoin Appears Ready To Outperform Bitcoin, Forecasts New All-Time High Against BTC

A extensively adopted crypto analyst says the top-ten altcoin Polygon (MATIC) seems on monitor to hit an all-time excessive in opposition to Bitcoin (BTC).

Pseudonymous digital asset dealer Crypto Kaleo tells his 551,200 Twitter followers that blockchain scaling answer Polygon appears bullish in opposition to Bitcoin (MATIC/BTC) after retesting a key diagonal resistance as help.

“MATIC/BTC has nonetheless been slowly grinding larger on this vary. Zooming out, the plan stays the identical. New all-time excessive imminent.”

Supply: CryptoKaleo/Twitter

Based mostly on the dealer’s chart, he seems to be predicting a pointy rally for MATIC/BTC en path to a recent all-time excessive round 0.00007 BTC ($1.20). At time of writing, MATIC/BTC is altering arms for 0.00005274 ($0.90), suggesting an upside potential of over 32% for the pair.

Kaleo subsequent shifts his focus to Bitcoin, predicting that BTC will rally above $18,000 after a slight pullback beneath $17,000 within the coming days.

“They stated it was going to zero however we’re again on the vary highs. $18,000 is a magnet.”

Supply: CryptoKaleo/Twitter

At time of writing, Bitcoin is buying and selling arms at $17,149, a fractional dip on the day.

Kaleo additionally analyzes peer-to-peer funds community Litecoin (LTC), saying its run in opposition to Bitcoin (LTC/BTC) will not be but over.

“LTC/BTC ratio completed retesting the latest highs this weekend. Nonetheless anticipating Litecoin to proceed to outpace the market within the close to future.”

Supply: CryptoKaleo/Twitter

In accordance with Kaleo’s chart, he expects LTC/BTC to climb towards his goal of round 0.0058 BTC ($99.40). At time of writing, LTC/BTC is swapping arms for 0.00444 BTC ($76.09), suggesting a potential 30% swing to the upside for the pair ought to it hit Kaleo’s goal.

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