A prominent analyst predicts what could happen next for Chainlink, Litecoin, and two mid-cap altcoins.

Known in the industry by the nickname Altcoin Sherpa, the individual told its 145,000 Twitter followers that Litecoin is facing strong resistance and a break above it could give the price another 25% spike.

“When LTC hits that level, I wouldn’t be surprised if it approaches the mid-$ 300 region after that.”

The source: Altcoin Sherpa / Twitter

Based on the analyst’s chart, LTC may soar to $ 369 after breaking out and flipping the $ 286 level as support.

Next comes the decentralized Oracle network Chainlink (LINK). The analyst believes the altcoin could break through the next resistance where it failed three times before. The next target he has in mind is $ 42, which equates to a potential profit of around 23%.

“LINK: Will it be different this time?”

The source: Altcoin Sherpa / Twitter

The next altcoin the analyst is looking at is DYDX, the governance token of the decentralized exchange dYdX (DEX). According to Altcoin Sherpa, the hype surrounding DYDX has subsided and this is usually a good time to gather up.

“DYDX: Still a good project. If people aren’t interested and it is piling up, maybe it is time to buy. Not an aggressive trade, but a good one if you only buy and hold for a few weeks. Depends on your overall schedule. “

The source: Altcoin Sherpa / Twitter

Finally, the analyst looks at the Polkadot, Kusama (KSM) canary network. While he doesn’t think KSM will outperform Bitcoin in the near future, he believes it will hit a new all-time high after BTC climbed to the top.

“KSM: Expect this altcoin to continue rising, but don’t think it will outperform BTC. The USD pair could hit a new all-time high if BTC moves. “

The source: Altcoin Sherpa / Twitter

You can see the coin prices Here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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