Analysts Back Chainlink (LINK) and Litecoin (LTC)’s Return To Former Glory, They Just Might Not Do As Well As This Crypto
The post Analysts Back Chainlink (LINK) and Litecoin (LTC)’s Return To Former Glory, They Just Might Not Do As Well As This Crypto appeared on BitcoinEthereumNews.com.
Two familiar names in crypto are seeing bullish runs from analysts perspective — Chainlink (LINK) and Litecoin (LTC). Both projects are considered classics in the blockchain area and are becoming popular as industry perception changes. However, these altcoins might not match the performance of a newer, more dynamic contender — Rollblock (RBLK). Analysts are predicting a massive 100x rise for early backers of Rollblock (RBLK). Chainlink Struggles as Big Players Step Back Chainlink (LINK) has fluctuated lately with a price decrease of around 1.81% last week. Chainlink was trading below crucial support levels with the LINK/USD chart forming a bearish pattern. Technical indicators show that Chainlink’s selling pressure remains high and its downward movement might not be over soon. Ranked #14 on CoinMarketCap, Chainlink saw a significant uptick of 4.17% over the past day, bringing its current price to $10.95. However, despite this slight bounce, Chainlink’s overall outlook remains shaky. Whale activity—often a huge driver of momentum on the market—has slowed, suggesting that no big players are coming in to help Chainlink’s price. In the long run, Chainlink could test $11.00 however analysts view a fall to $8.00 or maybe $7.00 in case the bearish trend persists. Litecoin Gains 6%, But Is There More to Come? Litecoin (LTC) is moving upward, with a recent value increase above $65. Amongst the top altcoins in the market, Litecoin still enjoys significant popularity, wide usage, and a favorable price range. Litecoin’s longevity and proven use cases attract the attention of both investors and traders. Today, more platforms and merchants are using Litecoin as a method of payment. Litecoin’s price is down 83% from its all-time high of $410.76. However, Litecoin has a solid potential for further growth if market conditions remain positive and investor interest grows. Rollblock’s Blockchain Casino Promises 100x Gains Rollblock…
Filed under: News - @ October 13, 2024 8:24 am