DeFi News Daily Official TheBitTimes.com

A widely followed analyst believes that one large-cap altcoin now has a compelling narrative that will fuel its surge to a fresh record high. Pseudonymous analyst Kaleo tells his 685,600 followers on the social media platform X that Litecoin (LTC) appears to be mimicking its 2021 bull market pattern when it shattered a diagonal resistance before surging to a cycle high. According to Kaleo, LTC is repeating a similar price action but he thinks Litecoin will ascend to new all-time highs and breach the $1,000 price area, fueled by the LTC exchange-traded fund (ETF) narrative. “LTC/Litecoin I’ve been waiting for this HTF (high time frame) setup to look like this since the last halving in August of ’23. It’s so insanely clean and simple, and with Bloomberg moving it to the highest % chance for an ETF approval this year, it finally has a narrative to happen. Send it to new all-time highs with haste.”  Source: Kaleo/X Looking at the tra...

A widely followed crypto analyst believes that one Ethereum (ETH) competitor could first correct by double digits and then go on a massive rally to print new all-time highs (ATH). Pseudonymous crypto trader Kaleo tells his 645,400 followers on the social media platform X that Solana (SOL) could decline by more than 36% of its current value. “SOL/Solana: $80s, new all time highs.” Source: Kaleo/X Looking at his chart, the trader suggests SOL could dip to around $80 and then soar past $263. Solana is trading for $125 at time of writing, down more than 5% in the last 24 hours. Next up, the analyst warns that Bitcoin (BTC) could dip to around $42,500, a decline of more than 21% of the current value. He also suggests Bitcoin may have a massive breakout after the US presidential election on November 5th and soar beyond $88,000 in early 2025. “Alright bros, still believe we range through the election and rip after, but starting to look like my IHS (...