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You might want to take a look at the "Sorastro's Painting" channel over on Youtube. He's regularly using a wet blending technique that would be quite suitable for this kind of effect, and isn't too tricky or time-consuming (apart from possibly a bit more drying time due to the use of medium to keep the paints fluid for longer).I suspect just watering down the paints could be a bit risky due to the strong fur texture, so using medium and wetblending could work out better.Here's one video where he paints a Star Wars Dewback, and the blending is shown to good effect:
I'm trying to the this kind of paint scheme
Out of interest, where is the mini from. It is very nice.
Waiting to see how this turns out