Welcome to our third installment of our Bitcoin and & Altcoin Price Analysis series. We talked about Stratis and Litecoin during our last posts, today we would like to take a look at Salt Lending.

Salt is a platform, which lets you secure blockchain asset backed fiat loans. This can be done via Ethereum smart contracts and through their online website. You need to own SALT (the currency) in order to become a member on the platform, after the fast registration process you will be able to deposit Bitcoin, Ethereum, Litecoin, Dash, Nem as collateral for your desired loans. Loans can be acquired in the form of USD, GBP, CHF, YEN, and RMB. The fundamentals of the project are good and the team behind it is a well-known one.

They advertise the platform with 3 key features on their website:

Easy application, fast approval, and no credit checks.

Competitive interest rates with no prepayment fees.

Freedom to get your assets back whenever you want.

Now let’s take a look at the chart:

What we can see from the chart is the following:

There is a multi-month trend line (floor) that held as a floor and SALT bounced off 2x from it forming a double bottom

There was a falling trend line from the peak of the chart from, which SALT broke out after forming the second bottom

RSI is a bit on the high-side so there might be a bit of a correction, the green box would be good entry

What does this mean for SALT in the long term?

The overall chart outlook for SALT seems to be bullish as it is holding the original trend line. There may be additional bounces on the way or it could just walk upwards slowly. According to WalletInvestor’s Machine Learning based forecast SALT will reach $25 USD during a one year period, with a rise of 300%+. This is an interesting forecast considering the Salt Lending platform is actually accepting SALT with a pegged value to $25. Please not here that our forecasts could change on a hourly/daily basis and may be seeing different numbers when viewing the link.

General notice

We offer our own perspective at markets, but you (as an investor) should always #DYOR – Do Your Own Research, both fundamentally and market-wise. Note also that this article is not intended as an investment advice. We at WalletInvestor love to do charts and read up on interesting projects.