A widely followed crypto analyst says the top-ten altcoin Polygon (MATIC) appears on track to hit an all-time high against Bitcoin (BTC).

Pseudonymous digital asset trader Crypto Kaleo tells his 551,200 Twitter followers that blockchain scaling solution Polygon looks bullish against Bitcoin (MATIC/BTC) after retesting a key diagonal resistance as support.

“MATIC/BTC has still been slowly grinding higher in this range. Zooming out, the plan remains the same. New all-time high imminent.”

Based on the trader’s chart, he appears to be predicting a sharp rally for MATIC/BTC en route to a fresh all-time high around 0.00007 BTC ($1.20). At time of writing, MATIC/BTC is changing hands for 0.00005274 ($0.90), suggesting an upside potential of over 32% for the pair.

Kaleo next shifts his focus to Bitcoin, predicting that BTC will rally above $18,000 after a slight pullback below $17,000 in the coming days.

“They said it was going to zero but we’re back at the range highs. $18,000 is a magnet.”

At time of writing, Bitcoin is trading hands at $17,149, a fractional dip on the day.

Kaleo also analyzes peer-to-peer payments network Litecoin (LTC), saying its run against Bitcoin (LTC/BTC) is not yet over.

“LTC/BTC ratio finished retesting the recent highs this weekend. Still expecting Litecoin to continue to outpace the market in the near future.”

According to Kaleo’s chart,…