A crypto trader who abruptly turned bullish on Bitcoin at its bottom in November is updating his outlook on the market.
In a new video, the pseudonymous analyst DonAlt says Solana is looking particularly strong and may be gearing up to outpace BTC.
“I like Solana… I like it against Bitcoin here. I think there’s a chance that it might outperform.
The USD pair has pulled back a little bit, but not that strongly.”
As for the rest of the altcoin market, the trader remains particularly bullish on Litecoin (LTC).
DonAlt bought LTC near its $60 November lows and says he sees a lot more room to the upside if it can crack $100.
“If it struggles with $100 for a while and just hugs that resistance, I think the pop is going to be that much better. So I’m not going to give up anytime soon…
We’ve seen this before. Litecoin’s been the exciting trade like two times before. It’s struggling with $100, but I think that’s going to go. And if it goes, I think it could easily double.
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