Well-known cryptocurrency analyst Kaleo has forecasted strong rallies in Bitcoin Cash (BCH), Litecoin (LTC), popular memecoin Pepe (PEPE), and Solana (SOL), which is often touted as one of the strongest competitors to Ethereum (ETH).
Analyst’s Analysis for BCH, LTC and PEPE
Analyzing BCH, LTC, and PEPE, the anonymous cryptocurrency analyst and trader, Kaleo, expressed his belief that Bitcoin Cash, a hard fork of Bitcoin (BTC), will continue the rally it started last month. The analyst reminded that BCH has shown a 202% increase, rising from a level of $106 on June 30 to a peak of $321.89, stating, “I have a good feeling that BCH’s job isn’t done yet.”
Since reaching $321.89, BCH has pulled back and is currently trading at $283 as of the time of this article.
Moving on to Litecoin, the analyst pointed out the range of $95 to $105 as purchase opportunity levels for the leading altcoin. However, he suggested that the price might become trapped at a point above $110 due to the hype caused by the impending block reward halving event.
After the pullback at the high timeframe resistance, I prefer evaluating LTC within the range of $95-105. With only a month left until halving, I expect a strong break at and above $110 due to the broken downtrend at high timeframe.
Charts shared by Kaleo suggest he believes the LTC/BTC pair will rocket above the 0.0040 level.
After BCH and LTC, Kaleo moved on to Pepe, a popular memecoin. He mentioned noticing some leading movements and predicted the altcoin would return to a price level of $0.0000036, which has not been seen since the beginning of June.
Solana is Like a Bomb Ready to Explode
Finally, the analyst ended his analysis by noting that Solana (SOL), a smart contract platform, looks like a ticking time bomb ready to explode above its price level of $20.
