Bitcoin

Litecoin

Ethereum

Chainlink

The recent surge in the crypto market is nothing short of spectacular, with an influx of $24.2 billion marking the biggest since December 2021. This buzz is largely due to the anticipation surrounding the Spot Bitcoin ETF decision, with <a href="https://cryptodaily.co.uk/tag/bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and <a href="https://cryptodaily.co.uk/tag/ethereum" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) leading the rally. BTC&#39;s momentum is clear, with a solid $12.5 million invested this month alone, not to mention the keen interest shown by the $0.4 million poured into products betting on its price drop. ETH is catching the same wave as investors have poured in $0.9 million to show they&#39;re really getting behind its potential for staking rewards. Even with the uptick in Ethereum&#39;s (ETH) staking rewards luring investors, it&#39;s clear the crypto domain still faces its fair share of hurdles – a sudden sell-off in Asia sent ripples across the market, causing the total cap to fall by 1% to $1.65 trillion.Meanwhile, Litecoin (LTC) and Chainlink (LINK) are carving out their own narratives: while BTC experienced a price dip from $43,400 to $42,600, along with ETH facing a similar decline, both LINK and LTC bucked the trend with a slight increase. This resilience stands out, especially in a market rattled by high funding rates and trader panic, leading to a staggering $40 million in longs being liquidated in just an hour. Amidst these tumultuous conditions, <a href="https://scapesmania.io/?utm_source&#61;cryptodaily&amp;utm_medium&#61;mmedia&amp;utm_campaign&#61;ETHLTCLINK" rel="noopener noreferrer nofollow">ScapesMania</a> (MANIA) offers a glimmer of hope. With a powerhouse team at the helm and an eye on big-league success, MANIA&#39;s presale is not just about joining in – it&#39;s an investment in a booming industry with the sweetener of early-bird perks.ScapesMania: Your Chance To Influence And Profit In The Crypto WorldWhile some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project&#39;s appeal.<h2 id="header-0">Presale is Live Now - Join Now for a Chance to Benefit with MANIA</h2>Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.<a href="https://scapesmania.io/?utm_source&#61;cryptodaily&amp;utm_medium&#61;mmedia&amp;utm_campaign&#61;ETHLTCLINK" rel="noopener noreferrer nofollow">Presale is Live, Learn More About Major Benefits</a>Ethereum (ETH) Technical AnalysisAmidst the recent market events, Ehtereum (ETH) has experienced a correction from the $2,350 level, dropping below key price points. Even with ETH&#39;s price taking a hit, veteran investors aren&#39;t sweating it; they&#39;re convinced these dips are just short hiccups on the path to greater returns. Now oscillating between the first support at $2,140 and the first resistance at $2,366, Ethereum (ETH) is at a crucial juncture.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7867aa8ed1d64a9fae73f5b71714591b.png" />Source: <a href="https://www.tradingview.com/chart/3rzIBxxK/?symbol&#61;BITSTAMP%3AETHUSD" rel="noopener noreferrer nofollow">TradingView</a>The Relative Strength Index (RSI) is moderately positioned at 53.49, suggesting a balance between buying and selling pressures. The Stochastic %K value at 37.6 indicates that ETH is neither in an overbought, nor oversold state. However, the Average Directional Index (ADI) at a low 16.3 points to a lack of strong trend in either direction. The Commodity Channel Index (CCI) at -238.1 signals an emerging bearish sentiment in the short term. The Moving Average Convergence Divergence (MACD) at -2.6 further substantiates this bearish outlook, while the negative Momentum value of -60.5 hints at declining buying interest.<h2 id="header-1">Ethereum (ETH) Price Prediction</h2>In a bullish scenario, if Ethereum (ETH) manages to break above $2,366, it could signal renewed buying interest and a potential move towards the second resistance at $2,468. This would align with the Simple Moving Average (SMA) for 10 days at $2,268, which is slightly above the current trading range, suggesting an emerging uptrend. For a decisive bullish momentum, ETH would need to breach the key psychological barrier at $2,694. Such a move would likely be driven by a combination of positive market sentiment and fundamental factors, possibly influenced by recent developments in the Ethereum (ETH) ecosystem.Conversely, in a bearish scenario, if ETH fails to hold above $2,140, it could intensify selling pressure, leading to a test of the second support at $2,014. A break below this level could see Ethereum (ETH) plummet towards the third defense line at $1,788. This bearish outlook is underscored by the ongoing correction, <a href="https://cryptodaily.co.uk/2023/12/ethereum-price-correction-can-eth-go-lower-new-altcoin-is-set-to-disrupt-a-trillion-dollar-industry" rel="noopener noreferrer nofollow">the fears stirred by experts</a> like Mr. Peter Brandt predicting a drastic fall to below $650, and the shifting sentiment of ETH holders suggesting that the market is bracing for potential further declines.Chainlink (LINK) Technical AnalysisChainlink (LINK) presents an interesting scenario for traders and analysts alike, given its current positioning between support level at $11.094 and resistance level at $17.159. The technical indicators paint a picture of moderate momentum and a balanced market sentiment.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5c2e424e2b9043c39ef82954fba48c69.png" />Source: <a href="https://www.tradingview.com/chart/3rzIBxxK/?symbol&#61;COINBASE%3ALINKUSD" rel="noopener noreferrer nofollow">TradingView</a>The RSI stands at 52.456, suggesting that LINK is neither overbought, nor oversold, hovering around the neutral territory. The Stochastic %K is on the higher side at 70.813, indicating potential overbought conditions and a possible pullback. The ADI at a low 17.855, combined with the CCI at 31.002, points to a lack of strong trend direction, suggesting a phase of consolidation or indecision in the market.<h2 id="header-2">Chainlink (LINK) Price Prediction</h2>In a bullish case, Chainlink (LINK) could leverage the <a href="https://www.binance.com/en/support/announcement/binance-margin-adds-ada-doge-matic-more-pairs-f748751c5fdb40118597a815a2755e24" rel="noopener noreferrer nofollow">recent developments from Binance</a>, which include the introduction of the LINK/FDUSD trading pair aimed at enhancing liquidity and trading options, could inject optimism among traders. Should this increased liquidity translate into heightened trading activity, Chainlink (LINK) might break past the immediate resistance. The presence of stable 10-day and 100-day SMAs at $14.957 and $11.772, respectively could provide additional support to bullish sentiments. A break above $17.159 could see LINK targeting the next price targets at $19.902 and R3 $25.967, especially if the MACD at 0.178 and Momentum at 0.923 continue to show positive signs.On the flip side, the underperformance of Chainlink (LINK) in the broader crypto market and lingering doubts over its long-term value capture could weigh heavily on its price – despite the high-profile partnerships like that with Google Cloud and the <a href="https://cryptodaily.co.uk/2023/12/chainlink-link-hits-yearly-high-with-staking-but-is-litecoin-ltc-the-dark-horse-to-watch" rel="noopener noreferrer nofollow">robust staking capabilities</a>, skepticism about its tokenomics and real-world utility might lead to a loss of trader confidence. If this sentiment intensifies, LINK could see a reversal from its current position, potentially breaking below $11.094 and targeting lower supports at $7.772 and $1.707. The key to this scenario would be a shift in the technical indicators, such as a decline in RSI below the midline or a bearish crossover in the MACD, signaling a potential downtrend.Litecoin (LTC) Technical AnalysisLitecoin (LTC), currently trading between its first support at $64.16 and first resistance at $75.79, shows resilience against the latest market volatility and presents an interesting technical analysis landscape. The RSI of 50.98 suggests a neutral market momentum, neither overbought nor oversold. The Stochastic %K, at 57.13, indicates a slight bullish momentum, but it’s not strong enough to confirm a trend.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/14c7bd3dedc5472caf0090e6ed56a97d.png" />Source: <a href="https://www.tradingview.com/chart/3rzIBxxK/?symbol&#61;COINBASE%3ALTCUSD" rel="noopener noreferrer nofollow">TradingView</a>The low ADI value of 11.73 reflects a lack of a strong trend in either direction. The CCI at -25.25 leans towards a bearish sentiment, while the MACD being nearly zero (-0.01) and a marginal Momentum of 0.16 further add to the ambiguity in the market trend. The SMAs, with the 10-day average at $71.53 and the 100-day one at $68.86, suggest a slight bullish bias, but without significant divergence to confirm a strong upward trend.<h2 id="header-3">Litecoin (LTC) Price Prediction</h2>Incorporating recent developments in the broader crypto market, the bullish scenario for Litecoin (LTC) gains additional context. On December 20, altcoin saw a <a href="https://studio.glassnode.com/metrics?a&#61;LTC&amp;category&#61;Addresses&amp;m&#61;addresses.NewNonZeroCount&amp;s&#61;1641454277&amp;u&#61;1703289600&amp;zoom&#61;" rel="noopener noreferrer nofollow">significant increase in new addresses</a>, the highest in two years, with about 1.2 million LTC addresses created – this surge in activity, including a record of 1.4 million <a href="https://x.com/litecoin/status/1738237634114392505?s&#61;20" rel="noopener noreferrer nofollow">on-chain transactions</a> in a single day and over 12 million Ordinals <a href="https://x.com/litecoin/status/1738603603039023385?s&#61;20" rel="noopener noreferrer nofollow">inscribed</a> on the Litecoin (LTC) network, indicates a growing interest and adoption among investors. If LTC maintains this <a href="https://cryptodaily.co.uk/2023/12/why-might-litecoin-ltc-arbitrum-arb-and-polygon-matic-be-the-talk-of-wall-street-soon" rel="noopener noreferrer nofollow">trend of increasing on-chain activity</a> and user adoption, it could bolster investor confidence, potentially driving the price above $75.79 and aiming for higher ceilings like $82.13 and $93.76.Conversely, Tuur Demeester&#39;s <a href="https://twitter.com/TuurDemeester/status/1739421113464033692" rel="noopener noreferrer nofollow">critical view</a> of altcoins that are on the verge of becoming &#34;zombiecoins&#34; – lacking activity or innovation – resonates particularly with the current state of Litecoin (LTC). Despite the market&#39;s overall growth, LTC has seen muted price performance, minimal community engagement, and slow technical advancements– this paints a picture of inertia, sustained mainly by long-term holders rather than new investors or developers. This could lead to Litecoin (LTC) retesting $64.16 and, if broken, targeting lower supports like $58.87 and $47.24.Closing ThoughtsRight now, the crypto scene is buzzing – investors just poured in $24.2 billion, the heftiest cash flow we&#39;ve seen since December 2021 – and it&#39;s all because everyone&#39;s on edge about what&#39;ll happen with that Spot Bitcoin ETF. Bitcoin (BTC) and Ethereum (ETH) are leading this rally, with significant investments reflecting both bullish and bearish sentiments. With its recent price correction, ETH remains at a crucial juncture, balancing between bullish optimism and bearish caution. Meanwhile, Litecoin (LTC) and Chainlink (LINK) are scripting their unique stories in this fluctuating market: LTC&#39;s resilience amidst market volatility and LINK&#39;s balanced position between its support and resistance levels reflect the diverse narratives within the crypto space.Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.RELATED TOPICS: <a href="https://cryptodaily.co.uk/tag/altcoins" rel="noopener noreferrer nofollow">#ALTCOINS</a> <a href="https://cryptodaily.co.uk/tag/breaking-news" rel="noopener noreferrer nofollow">#BREAKING NEWS</a> <a href="https://cryptodaily.co.uk/tag/spotlight" rel="noopener noreferrer nofollow">#SPOTLIGHT</a>

Could Litecoin (LTC) And Chainlink (LINK) Market Resilience Make Them Safest Bets Over Ethereum In 2024?

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