So says a closely watched cryptocurrency analyst Solana SOL/USD a big rally could be imminent.

What happened: Altcoin Sherpa, a pseudonymous crypto analyst with 186,200 Twitter followers, believes Solana could rally over 50% if key exponential moving averages remain intact over the four-hour timeframe. The EMA determines the performance of an asset considering its average value over a period of time.

$SOL: I think it’s at a key level on the 4h, I’d really like to see that area hold given the EMAs. $30 is the next area if we fail. I still think we’re going to see high 40’s in the next few weeks though. #Solana pic.twitter.com/CJM57PZHhE

— Altcoin Sherpa (@AltcoinSherpa) November 2, 2022

See more: How high can Solana go?

Altcoin Sherpa says he’s perplexed by Litecoins LTC/USD Rally that is up 11% in the last 24 hours. He doesn’t expect LTC to go much higher, but cites $67 as a potential price target. “I don’t know why this shit pumps. I would be wary of the levels in if they get there, $67 is the 200 day EMA and this is unlikely to be a sustained pump. I will not trade this one yet.”

price action: Solana is up 3.28% in the last 24 hours and is trading at $31.81 at the time of writing Gasoline Pro. ether ETH/USD is trading at $1554.11, up 2.36%.

Continue reading: What the Fed’s Recent Rate Hike Means for the Crypto World