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

A commonly followed crypto expert states the top-ten altcoin Polygon (MATIC) appears on track to strike an all-time high versus Bitcoin (BTC).

Pseudonymous digital property trader Crypto Kaleo tells his 551,200 Twitter fans that blockchain scaling option Polygon looks bullish versus Bitcoin (MATIC/BTC) after retesting an essential diagonal resistance as assistance.

“MATIC/BTC has actually still been gradually grinding greater in this variety. Zooming out, the strategy stays the very same. New all-time high impending.”

Based upon the trader’s chart, he seems anticipating a sharp rally for MATIC/BTC en path to a fresh all-time high around 0.00007 BTC ($1.20). Sometimes of composing, MATIC/BTC is altering hands for 0.00005274 ($0.90), recommending an upside capacity of over 32% for the set.

Kaleo next shifts his focus to Bitcoin, predicting that BTC will rally above $18,000 after a small pullback listed below $17,000 in the coming days.

“They stated it was going to absolutely no however we’re back at the variety highs. $18,000 is a magnet.”

Sometimes of composing, Bitcoin is trading hands at $17,149, a fractional dip on the day.

Kaleo likewise evaluates peer-to-peer payments network Litecoin (LTC), saying its run versus Bitcoin (LTC/BTC) is not yet over.

“LTC/BTC ratio completed retesting the current highs this weekend. Still anticipating Litecoin to continue to outmatch the marketplace in the future.”

According to Kaleo’s chart, he anticipates LTC/BTC to climb up towards his target of around 0.0058 BTC ($99.40). Sometimes of composing, LTC/BTC is switching hands for 0.00444 BTC ($76.09), recommending a possible 30% swing to the benefit for the set ought to it strike Kaleo’s target.

Included Image: Shutterstock/issaro prakalung