Top crypto strategist Inmortal has revealed the three altcoins he believes are ready for the next outbreak. Immortal picks from the top three altcoins that have been lagging lately. Although they have performed in the market, not on par with other altcoins like ADA and SOL, both of which have hit new all-time highs in the market.
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Inmortal visited his Twitter account with 64,000 followers to share his price predictions with his followers. In general, the crypto analyst remains optimistic in the market and sees that many coins will do better from now on. Over the course of several days, Inmortal shared their analysis on their Twitter timeline. Unveiling the top three altcoins they believe are being prepared for a run-off.
Play with the stragglers
Inmortal shared three coins that will see a run-up. Litecoin was an obvious favorite for the analyst. The analyst sees the greatest potential at LTC for the three digital assets Bitcoin Cash, EOS and Litecoin. “Time to play the stragglers. LTC is the leader (old coins), ”the analyst wrote. Following this, BCH and EOS were ready to follow the same path as Litecoin.
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Regarding Litecoin, Inmortal stated that the coin recently broke out of consolidation. Hence, it is placed in a position where it is set for a rally. For the crypto analyst, the breakout will push the price up to a target of $ 260. The analyst had previously tweeted that he’d bought Litecoin given his snail’s pace at the time. The order was executed at $ 176 while the analyst was targeting a price range of $ 210-220.
Now teleport this to $ 260. $ LTC https://t.co/1dqSIbYADo pic.twitter.com/TVgAr3dQO3
– Immortal (@inmortalcrypto) September 3, 2021
Litecoin trading at $ 223 | Source: LTCUSD on TradingView.com
At the time of writing, Litecoin is trading above $ 220. And Inmortal has now turned to Bitcoin Cash and advised investors to check out the Bitcoin fork if they missed Litecoin.
Another crypto set for a breakout
The crypto strategist didn’t just focus on the three lagging altcoins. Inmortal also pointed out that it is waiting for a particular altcoin to breach a crucial point. With regards to Chainlink, Inmortal added that a break in its instant resistance to Bitcoin would trigger a buy signal.
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“The plan is simple. Wait for a significant break above the + 200MA (moving average) KEY level to confirm this deviation, then buy / lunge on retest to target those same highs at 0.001 BTC ($ 50), “said the strategist. “3R setup with a high probability,” added Inmortal.
The analyst puts the top cryptocurrency Bitcoin at $ 60,000 after breaking the key resistance level of $ 50,000. While the number 2 crypto Ethereum is $ 5,000. “It’s been a long $ ETH season, don’t be left behind,” said the analyst.
Chart from TradingView.com