These Three Lagging Altcoins Are Poised For A Breakout, Says Crypto Strategist
September 06 2021 - 1:00PM
NEWSBTC
Top crypto strategist known as Inmortal has revealed the three
altcoins they think is ready for the next breakout. Immortal takes
their pick from the top three altcoins that have been lagging
recently. Even though they have been performing in the market, not
performing to the level of other altcoins like ADA and SOL which
have both broken new all-time highs in the market. Related Reading
| Data Shows Crypto Hacks And Fraud In 2021 Are On Track For A
New Record Inmortal took to their Twitter account, which boasts 64K
followers, to share his price predictions with his followers.
Generally, the crypto analyst remains bullish on the market, seeing
a lot of coins doing better from here on out. Over the course of
several days, Inmortal shared their analysis on their Twitter
timeline. Revealing the top three altcoins they believe are getting
set for a run-up. Playing With The Laggards Inmortal shared three
coins that are set to experience a run-up. Litecoin was an obvious
favorite for the analyst. Across three digital assets, Bitcoin
Cash, EOS, and Litecoin, the analyst sees the most potential with
LTC. “Time to play the laggards. LTC is leading the way (old
coins),” the analyst posted. Following up with this was BCH and EOS
poised to follow the same path as Litecoin. Related Reading
| Crypto Needs Regulation If It’s Going To Survive, Says SEC
Boss Talking about Litecoin, Inmortal explained that the coin had
recently broken out of consolidation. Hence, putting it in a
position where it is set to rally. For the crypto analyst, the
breakout will see the price run-up to a target of $260. The analyst
had earlier tweeted they had bought some Litecoin given its snail
pace at the time. The order was filled at $176, while the analyst
targeted a price range of $210-$220. Perfect timing. Now teleport
this to $260.$LTC https://t.co/1dqSIbYADo
pic.twitter.com/TVgAr3dQO3 — Inmortal (@inmortalcrypto) September
3, 2021 Litecoin trading at $223 | Source: LTCUSD on
TradingView.com As of the time of writing, Litecoin is trading
above $220. And Inmortal has now turned attention to Bitcoin Cash,
advising investors to take a look at the Bitcoin fork if they had
missed out on Litecoin. Another Crypto Set For A Breakout The
crypto strategist was not only focused on the three lagging
altcoins. Inmortal also pointed out that he’s waiting for a
particular altcoin to breach a crucial point. Taking about
Chainlink, Inmortal added that a breach of its immediate resistance
against Bitcoin would trigger a buy signal. Related Reading | New
To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course
“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),” said the
strategist. “High probability 3R setup,” added Inmortal. The
analyst puts top cryptocurrency Bitcoin at $60,000 after breaking
key resistance level of $50,000. While putting number 2 crypto
Ethereum, at $5,000. “It’s long $ETH season, don’t get left
behind,” said the analyst. Chart from TradingView.com
Bitcoin Cash (COIN:BCHUSD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Bitcoin Cash (COIN:BCHUSD)
Historical Stock Chart
From Sep 2023 to Sep 2024