As we already revealed by now, the crypto market looks pretty bloody today. But an important analyst says that some of the coins could still explode in the short term.
According to the latest reports coming from the Daily Hodl, he is mapping out bullish paths for Cardano (ADA), Litecoin (LTC) and Dogecoin (DOGE).
Cardano (ADA) to surge by 70%
It’s been revealed that the pseudonymous trader Kaleo says that the developing smart contract platform Cardano (ADA) appears ready to break out to the upside.
Kaleo predicts that ADA will likely rally in its BTC pair by over 70% from 0.0000236 to 0.00004.
“ADA to 4,000 satoshis.”
Litecoin and Dogecoin to surge as well
Kaleo is watching Litecoin, which he believes has a solid chance at tripling in value in the coming weeks. The asset is currently trading at around $288 with a market cap of $19 billion.
“LTC. Remember the plan for Litecoin. $1,000 is imminent.”
Dogecoin also rallied hard this week, and it was up nearly 400% just in the past seven days. Despite its rapid ascent, Kaleo believes the asset will still surge.
He recently said that DOGE could reach $0.80 on one final trek up while increasing by over 122% against BTC from its current value of 0.00000495 to 0.000011.
“DOGE. One final leg left for full send. Might not quite hit $1.00, but $0.80+ is good enough for me.”
Someone recently tweeted the following message:
Just a few days ago people were wishing they could get #altcoins at these prices. Now the opportunity is here and they’re too scared to buy. Don’t let your emotions control you.
— Secrets (@SecretsOfCrypto) April 18, 2021
The crypto market drops
The crypto market looks pretty bloody today, with most of the coins trading in the red.
This is reportedly due to the fact that the U.S. Treasury Department may soon accuse a number of financial institutions of using digital assets to launder money.
The popular Twitter account FXHedge was the first to cover the potential move from the agency, sending an alert out to 122,700 followers.
The tweet, which cites unnamed sources, quickly went viral
A few minutes after the tweet was published, the crypto markets plunged into deep red territory.