A prominent crypto analyst and trader is mapping out bullish paths for Cardano (ADA), Litecoin (LTC) and Dogecoin (DOGE).
Pseudonymous trader Kaleo says that the developing smart contract platform Cardano (ADA) appears ready to break out to the upside. Kaleo predicts that ADA will likely rally in its BTC pair by over 70% from 0.0000236 to 0.00004.
“ADA to 4,000 satoshis.”
Another asset that Kaleo is watching is the Bitcoin fork Litecoin, which he believes has a solid chance at tripling in value in the coming weeks. The asset is currently trading at around $288 with a market cap of $19 billion.
“LTC. Remember the plan for Litecoin.
$1,000 is imminent.”
The trader added that for those looking to gain exposure to LTC before it begins the next leg of its upward ascent, the $305 level could provide a nice entry point. However, the asset has dipped below the $305 bid as it is trading at $295 at time of writing.
Another Bitcoin copy, Dogecoin, is rallying hard this week, up nearly 400% just in the past seven days. Despite its rapid ascent, Kaleo believes the asset has gas left in the tank.
The analyst predicts that DOGE can reach $0.80 on one final trek up while increasing by over 122% against BTC from its current value of 0.00000495 to 0.000011.
“DOGE. One final leg left for full send. Might not quite hit $1.00, but $0.80+ is good enough for me.”
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Featured Image: Shutterstock/Malchev