A well-known crypto strategist and trader watches breakouts for three trailing altcoins while waiting for Chainlink (LINK) to catch fire.

Known in the industry as Inmortal, the analyst tells his 63,200 Twitter followers that the peer-to-peer payments network Litecoin (LTC) has broken out of consolidation and is ready to hit its $ 260 target.

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

Source: Immortal / Twitter

Inmortal is also looking at the bitcoin fork Bitcoin Cash (BCH) and the smart contract platform EOS, which it says will likely follow Litecoin’s bullish rise.

“BCH / USD. Time to play the stragglers. LTC is the leader (old coins). I think BCH and EOS could follow. “

Source: Inmortal / TradingView

Next comes the decentralized Oracle network Chainlink. According to Inmortal, he’s waiting for Chainlink to break its immediate resistance to Bitcoin (LINK / BTC) at 0.00065 BTC, valued at $ 32.51 at the time of writing.

“One of my favorite ALT / BTC charts.

The plan is simple
Wait for a significant break above the + 200MA (moving average) KEY level to confirm this deviation, then buy / long on a retest to aim for the same highs at 0.001 BTC ($ 50).

3R setup with high probability. “

Show TradingChartSource: Inmortal / TradingView

Regarding Bitcoin, the crypto analyst says he believes BTC will eventually break the important resistance at $ 50,000 and hit its target at $ 60,000.

“BTC / USD

BTC will follow ETH.

Vertical accumulations lead to expansion. “

Show TradingChartSource: Inmortal / TradingViewDon’t Miss A Beat – Subscribe to crypto email notifications straight to your inbox

Follow us on Twitter, Facebook and Telegram

Surf the daily Hodl mix

Check the latest headlines

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are made at your own risk and that you are responsible for any losses. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock / GrandeDuc