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Chainlink (LINK) Surges 20%… Again: What Analysts Think Is Next

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Chainlink (LINK) Surges 20%… Again: What Analysts Think Is Next

NewsBTC1 month ago
Published on August 14, 2020 01:33 GMT+0edited on August 14, 2020 03:03 GMT+0

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Chainlink (LINK) is ripping higher once again, despite a stagnation in the price of Bitcoin and other top cryptocurrencies. The altcoin is up 20% in the past 24 hours, surging as high as $18.40, a new all-time high price.

LINK has since seen a slight retracement to $18 as there are some that are selling this rally, presumably cashing out on their gains.

Here’s what analysts think comes next for the cryptocurrency.

Related Reading: “Rich Dad Poor Dad” Author: Bitcoin Could Soon Become the “Fastest Horse”

Chainlink Could See Correction, Some Fear

While Chainlink’s rally has almost been unstoppable over the past few months, there are some starting to expect the asset to top in the near future.

Tyler D. Coates, a crypto-centric technical analyst and author, shared the chart below. …