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Top Crypto Strategist Predicts Breakouts for Delayed Altcoin, LINK `High Probability`

A prominent crypto strategist and trader is eyeing breakouts for three lagging altcoins while waiting for Chainlink (LINK) to catch fire.

Top Crypto Strategist Predicts Breakouts for Delayed Altcoin, LINK `High Probability`

The analyst known in the industry as Inmortal tells his 63,200 Twitter followers that peer-to-peer payments network Litecoin (LTC) has broken out of consolidation and is poised to rally to his target at $260.

“Perfect timing. Now teleport this to $260.”

Inmortal is also looking at Bitcoin fork Bitcoin Cash (BCH) and smart contract platform EOS, which he says are likely to follow Litecoin’s bullish ascent.

“BCH/USD. Time to play the laggards. LTC is leading the way (old coins). I think BCH and EOS could follow.”

Next up is decentralized oracle network Chainlink. According to Inmortal, he’s waiting for Chainlink to breach its immediate resistance against Bitcoin (LINK/BTC) at 0.00065 BTC, worth $32.51 at time of writing.

"One of my favorite ALT/BTC charts

 

The plan is simple,
Wait for a clear break above KEY level + 200MA (moving average) to confirm that deviation, then buy/long on a retest, targeting those equal highs at 0.001 BTC ($50).

High probability 3R setup.”

As for Bitcoin, the crypto analyst says he believes BTC will eventually break above key resistance at $50,000 and reach his target at $60,000.

“BTC/USD

BTC will follow ETH.

Vertical accumulations lead to expansion.”

 

Source:dailyhodl.com

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