Litecoin

Chainlink

<p>The post <a href="https://coinpedia.org/price-analysis/chainlink-link-litecoin-ltc-record-marginal-gains-will-the-upswing-prevail-till-the-end-of-the-day/">Chainlink (LINK) &amp; Litecoin (LTC) Record Marginal Gains: Will the Upswing Prevail Till the End of the Day?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The broader crypto markets appear to have stuck within a narrow range, while bearish dominance is slowly increasing. After the 2022 bear market, 2023 witnessed a decent recovery. The upswing that was triggered during the last few weeks of 2023 indicated the beginning of a fresh upswing that may further transform into a bull market in the later part of 2024. However, the current market sentiments are not bullish, as the bearish tendency continues to hover. Amid these conditions, Chainlink (LINK) &amp; Litecoin (LTC) have been displaying remarkable strength, giving a tough strife to the bears.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-chainlink-link-price-analysis">Chainlink (LINK) Price Analysis</h2> 
<p>Since the beginning of the year, the <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" target="_blank" rel="noreferrer noopener">LINK price</a> has been maintaining a healthy upswing, forming constant higher highs and lows. This signals a fine rise in bullish dominance, which may keep up the bullish momentum in times when the upward pressure intensifies. However, the current trade set raises some concerns, while a daily close beyond certain levels may keep up the bullish momentum.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/loh07iPIbd5-XEvVuiQt6uMhMF54WN0tuXH-mvgGREYOhSvFB3kiHRtkMOkADjFW7GA6NGAIdaAGZC_n90gVOpLtDQ-hAy8hUcWgNhpTrGMA3_v6gNfIWOwbMRyTzx9sFtbjEmcJ7SiArii5rxRk4RM" alt="">
</figure> 
<p>The Chainlink price is trading within a rising parallel channel in the short term and struggling hard to rise above the average bands of the channel. While the MACD is closer to achieving a bullish crossover, the RSI remains neutral, suggesting the token to continue with an ascending consolidation until the major part of the day. However, if the LINK price rises by over 3% to 5% and reaches beyond $16, it may remain stuck in the bullish trend ahead.</p> 
<h3 class="wp-block-heading" id="h-litecoin-ltc-price-analysis">Litecoin (LTC) Price Analysis</h3> 
<p>While the markets displayed strength in the last few weeks of 2023, the Litecoin price traded within a pre-defined range. The levels were prevented from rising above $80, but the bulls displayed remarkable strength. The LTC price rebounded from the lows below $60 and is currently trading above $70.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/4HED72KZYi5z-_lhBRP_DBZV7OPqC09wEpzK_dIov5jH4ta57CWfVSX_2W4RNi_ONlJv1VKBE8lol3psYF4h9NhaYugc_PBWuzq8wQPuV0ICiKrpciJ_u3JEd-hw46htmzvJ4lpTjz8TtiEXqfKfCq4" alt="">
</figure> 
<p>With the recent price action, the LTC price continues to remain within the symmetrical triangle,&nbsp; heading towards the apex. Although the price is displaying volatility, it continues to favour the bulls, who are expected to head back to $80 provided the day’s close is recorded above $71. Moreover, a close above interim highs at $72.66 may initiate a bullish start for the coming days and weeks.</p>

Chainlink (LINK) & Litecoin (LTC) Record Marginal Gains: Will the Upswing Prevail Till the End of the Day?

Table of Contents

CoinPedia News

Other articles published on Jan 22, 2024

Bear Analyst Updated His Bitcoin Analysis: "BTC Will Rise Soon, This Level is Critical!"

Grayscale Bitcoin Holdings Decline After ETF Approval

ProShares Bitcoin ETF trading declined over 70% since spot Bitcoin ETF launch

Gaming tokens take hit from Bitcoin’s dip to $40k

DOGE vs. Ripple: Dogecoin Cofounder Calls out Brad Garlinghouse

Terra Luna Classic (LUNC) Delisting Confirmed By CryptoCom

Join our free newsletter for daily crypto updates!