Bulls Back Chainlink & This Popular Altcoin-LINK Price to Lead the Rally With 10% Gains
The crypto market is plummeting! The drop in the price of Bitcoin resulted in significant price drops for most coins, including Chainlink and Litecoin. Meanwhile, bulls appear confident in the two top coins as the market attempts to cope with the massive sell-off. Therefore, as LINK and LTC prices initiate a rebound, they are expected to be among the top gainers of the day.
Chainlink expected to recoup $25
Chainlink is considered one of the most powerful undervalued altcoins with more room for expansion. The recent pullback dragged the price from highs above $27 to below $20, but quick intervention by bulls pushed the price to $22.87. Trading volume has approached $3 billion, an increase of more than 31%, signaling the growing dominance of bulls. therefore, link price If bulls are able to lock in these levels before the end of the two weeks, expect to revive the strong upward momentum towards resistance above $27.
Despite the recent pullback, LINK price remains strong within an upward, expansionary channel in the short term. The coin bounced back after touching the interim support at $20.56, indicating that bulls remain wary. On the other hand, the volume-based indicator OBV triggered a bullish divergence, signaling the beginning of a bullish trend. Meanwhile, MACD shows a decrease in selling pressure as buying volume increases. Therefore, Chainlink price is expected to rise to $24.92 in the coming hours and reach $25 soon.
Litecoin price expected to rebound by 15%
Since the consolidation breakthrough in November, Litecoin price It has managed to swing along rising support and hit yearly highs above $145. This move attracted significant bearish activity, followed by significant selling. However, the coin is trying to validate the rebound, aiming to surge above $120 before the end of the day.
Litecoin’s short-term price action suggests that bulls have entered the market as the coin defends ascending support. Furthermore, the rebound in the RSI levels also validates this statement, indicating that a rise to immediate resistance at $121 may be imminent. Additionally, +Di has reached a lower threshold and awaits a rebound. This confirms the bullish assertion as ADX is heading towards higher levels. Therefore, the DMI is likely to rise and may witness a bullish crossover in the next 24 to 36 hours, which could forcefully push LTC price back towards $130.
