Bitcoin used to be the most talked-about cryptocurrency. Analysts, on the other hand, are worried that a variety of alternative crypto coins have started to substitute Bitcoin. Many altcoins are doing well and have a larger market share in the cryptocurrency market than they were previously.
Famous trader and analyst Crypto Kaleo is disclosing his bullish views and potentially optimistic targets for Binance, litecoin, and one under the radar altcoin.
In a tweet storm, he is setting a massive target of $2000 for litecoin, and says that it is still in accumulation phase as it is trading below $500.
At the time of writing, Litecoin price was up by 5.21% to $380.95. A mixed start to the day saw Litecoin fall to an early morning low $376.95 before rising to a high $384.50.
In the case of Binance Coin (BNB), Kaleo sees the red-hot exchange token exploding to $1,000 after breaking through resistance at $680.
“When $680 breaks and BNB enters price discovery, I expect price appreciation to accelerate rapidly.”
Kaleo has also set his sights on an altcoin that has yet to approach its previous bull cycle’s all-time highs (ATH).
The trader compares the price movements of EOS and Ethereum Classic (ETC) and claims that they are strikingly similar. From his perspective, EOS resembles Ethereum Classic just before it soared into the stratosphere.
EOS vs. ETC USD comparison! After ETC started to breakout, it accumulated beneath its previous ATH prior to shooting straight past it. The structure of the EOS chart looks extremely similar. I don’t expect it to stop in the low $20s when it moves out of its current range.”
Kaleo says he stacked more after EOS retested support after the initial breakout because he sees more upside potential.
He said that he added in some EOS here. It’s only a matter of time before it reclaims the recent highs, in his opinion. It should have a reasonably straightforward route back to the old ATH of $23.00 once $9.00 is breached.”