Home web3.0 Chainlink (LINK) and Litecoin (LTC) Display Bullish Momentum, While BlockDAG's Presale Surges Past $3 Million Mark

Chainlink (LINK) and Litecoin (LTC) Display Bullish Momentum, While BlockDAG's Presale Surges Past $3 Million Mark

Oct 06, 2024 am 04:10 AM
Presale BlockDAG ChainLink Litecoin

The market sentiment for Chainlink (LINK) is currently upbeat, with projections indicating a potential 20% increase in price if it remains above the $13.10 mark. Simultaneously, Litecoin (LTC) has experienced a significant uptick, surging over 15% following a breakthrough past critical resistance levels, fueling anticipation for a substantial rally.

Chainlink (LINK) and Litecoin (LTC) Display Bullish Momentum, While BlockDAG's Presale Surges Past  Million Mark

Chainlink (LINK) price might see a 20% surge if it manages to remain trading above the $13.10 mark, according to projections. This possibility arises from the formation of a bullish double-bottom pattern on LINK’s shorter time frame chart, indicating a potential upswing to $15.

However, despite the positive market structure and a favorable Long/Short ratio, the Relative Strength Index (RSI) is indicating a slight downward trend, suggesting some potential volatility ahead.

Further, a noticeable 25% reduction in trading volume indicates a cooling interest among traders, with Chainlink currently trading around $12.65, marking a modest 1.2% increase over the last 24 hours.

Traders might want to keep an eye on the $12.12 and $13.16 levels closely, as these represent critical thresholds where significant liquidations could disrupt the upward momentum.

Chainlink (LINK) price might see a 20% surge if it manages to remain trading above the $13.10 mark, according to projections. This possibility arises from the formation of a bullish double-bottom pattern on LINK’s shorter time frame chart, indicating a potential upswing to $15.

However, despite the positive market structure and a favorable Long/Short ratio, the Relative Strength Index (RSI) is indicating a slight downward trend, suggesting some potential volatility ahead.

Further, a noticeable 25% reduction in trading volume indicates a cooling interest among traders, with Chainlink currently trading around $12.65, marking a modest 1.2% increase over the last 24 hours.

Traders might want to keep an eye on the $12.12 and $13.16 levels closely, as these represent critical thresholds where significant liquidations could disrupt the upward momentum.

Litecoin (LTC) price recently surged over 15% after breaking through key resistance levels, sparking speculation about an upcoming major rally. This movement marks a pivotal moment for Litecoin, suggesting a renewed enthusiasm among participants eager to capitalize on its upward trajectory.

As the cryptocurrency market continues to evolve, both Chainlink and Litecoin are showing promising signs of growth and resilience, while BlockDAG’s impressive presale performance is drawing significant attention, hinting at a dynamic shift in preferences among participants eager to expand their digital asset portfolios.

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