Famous crypto whale Kaleo takes a look at the DOGE, Bitcoin, LTC and LUNA charts to identify critical levels that could hit the rest of the year. Let’s examine the technical analysis of the analysts, keeping in mind that the forecasts are not certain.
Kaleo DOGE updates Bitcoin, LTC and LUNA forecasts
In his recent analysis, Kaleo says that he expects Bitcoin (BTC) to rise a little higher after the current bounce, but then hover around mid-$50,000:
So far, its rise has performed admirably. My macro-bullish trend is hoping the rest of this is wrong and we can keep pumping indefinitely, but I guess we’ll hit the brakes sometime in the mid-50s.
Kaleo is also interested in Litecoin (LTC), one of the well-established altcoin projects. Although LTC price is performing well against the dollar, the analyst is unsure how the LTC/BTC pair will perform. Looking at the technical chart below, the analyst says that fuel is declining fast:
So far Litecoin has climbed alongside Bitcoin (BTC) and market power, but hasn’t done anything particularly noteworthy on its own. I’m waiting for the BTC pair to leave here because if they don’t I will continue to suffer the misery I deserve.
Analyst browsing Dogecoin called for “patience”
Another domain on Kaleo’s list is Dogecoin (DOGE). He predicts the dog-themed cryptocurrency will rise as it did in 2018. Following his March 23 tweet, Kaleo is still hopeful after gaining over 20%. The analyst advises his followers to be “patient”:
Dogecoin is up 20%, but we are still waiting for the day when we will see a few big improvements. Patience is rewarded.
Analyst sets a range above $100 in LUNA price
Terra (LUNA), a stablecoin issuer, is the last altcoin on the analyst’s list. Kaleo, whose analysis we share as Kriptokoin.com, predicts that the cryptocurrency will rise above $ 150 during this cycle, based on the latest breach in the $ 90 area that started on March 27:
LUNA has finally embarked on a price discovery journey. Since the obstacle I’m looking at is an ascending diagonal, a small delay in approaching it will result in a slightly larger target range. This rise should be between $150 and $180.
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