Crypto Analyst Kaleo Looks Into BTC, LTC, DOGE, LUNA Amid Latest Pullback
A popular crypto analyst and trader, known as Kaleo, is looking into Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE) and Terra (LUNA), and projects their next moves.
Bitcoin (BTC)
The analyst shared with his 475.5K Twitter followers that as Bitcoin has lately been on the rise, it won’t last forever. He forecasts BTC to hit resistance at mid-$50K levels.
“The pump has been spot on so far.
My macro-bullish bias hopes the rest of this is wrong and we just continue to pump forever, but have a feeling we hit the breaks and chop for a bit in the mid-50s.”
My macro-bullish bias hopes the rest of this is wrong and we just continue to pump forever, but have a feeling we hit the breaks and chop for a bit in the mid 50s. pic.twitter.com/dsS4JyEPuS
At time of writing, BTC trades at $45,133, down 5% on the daily chart.
Litecoin (LTC)
Necxt up is peer-to-peer virtual currency Litecoin (LTC). According to Kaleo LTC has performed well against USD alongside with BTC’s latest rise, but remains to be seen how it will cope against BTC.
“So far Litecoin (USD) has continued to climb piggybacking on BTC / market strength, but has failed to do anything special in and of itself.
Waiting for the BTC pair to break up from here, if not just F me, I’ll continue to feel the pain I deserve.”
So far Litecoin (USD) has continued to climb piggybacking on BTC / market strength, but has failed to do anything special in and of itself.
At the time of writing, LTC trades at $123, down 7% on the daily chart.
Dogecoin (DOGE)
Kaleo is also looking into Dogecoin (DOGE). About a week ago, he tweeted a prediction for DOGE to mimic 2018 rally. The analyst expects more upside for Dogecoin, after a 20% jump.
“DOGE is up ~20% from the initial entry, still waiting on the day we’ll see a couple of massive legs up though. Patience pays.”
$DOGE is up ~20% from the initial entry, still waiting on the day we'll see a couple of massive legs up though
At the time of writing, DOGE trades at $0.137, down 5.4% on the daily chart.
Terra (LUNA)
The fourth crypto asset on the analyst’s list is Terra (LUNA), which has steadily been moving up since late February. Kaleo targets LUNA at $150-$180 after the current leg up.
“LUNA finally entered into price discovery.
As the resistance I’m looking at is a rising diagonal – a slight delay in the approach means a slightly higher target range.
