Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Chainlink Forum => Topic started by: Malam90 on January 24, 2021, 01:50:24 AM
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Chainlink has entered price discovery and traders should watch several key levels for the next possible top.
Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week.
The LINK price surge also coincided with rumors this week that Grayscale is preparing to add a Chainlink Trust product. This news event likely played a part in the price of Chainlink rallying toward new all-time highs, making LINK, once again, one of the best performing cryptocurrencies.
The daily chart for Chainlink shows massive volatility in recent months, but also some beautiful price action.
Every previous level of resistance flipped for support, after which the price continued climbing almost in textbook fashion. That’s the beautiful nature of price action and trading in general.
Most people have the impulse to enter a position when the price is soaring. But those support/resistance flips actually give the best entries. Specifically, the first support/resistance flip occurred at the $10 level, after which the same happened with the $13 and $17.30 areas.
Therefore, the crucial level to watch for potentially more downside is the $17.30 area, as well as the $19.50 zone. This latter area is the previous all-time high in 2020 and possibly the point of the next support/resistance flip, which would be bullish for more upside. Source (https://cointelegraph.com/news/chainlink-now-bigger-than-litecoin-as-link-price-hits-new-high-above-24-what-s-next)
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Chainlink has entered price discovery and traders should watch several key levels for the next possible top.
Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week.
The LINK price surge also coincided with rumors this week that Grayscale is preparing to add a Chainlink Trust product. This news event likely played a part in the price of Chainlink rallying toward new all-time highs, making LINK, once again, one of the best performing cryptocurrencies.
The daily chart for Chainlink shows massive volatility in recent months, but also some beautiful price action.
Every previous level of resistance flipped for support, after which the price continued climbing almost in textbook fashion. That’s the beautiful nature of price action and trading in general.
Most people have the impulse to enter a position when the price is soaring. But those support/resistance flips actually give the best entries. Specifically, the first support/resistance flip occurred at the $10 level, after which the same happened with the $13 and $17.30 areas.
Therefore, the crucial level to watch for potentially more downside is the $17.30 area, as well as the $19.50 zone. This latter area is the previous all-time high in 2020 and possibly the point of the next support/resistance flip, which would be bullish for more upside. Source (https://cointelegraph.com/news/chainlink-now-bigger-than-litecoin-as-link-price-hits-new-high-above-24-what-s-next)
Yes you are right.i saw last month the price is 20$ up so it can cross 30$ any time.Becuase Link is a good project i think.any body can invest here.
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It's only right that cryptocurrency must continue to spin.
Where is the new cryptocurrency, there must be something that can replace it because I think that with technological advances, everything can be changed.
Litecoin when its creation was indeed an extraordinary coin but now the evidence is that Litecoin is losing to Chainlink and this is a sure cycle in cryptocurrency.
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Ltc did not like that link has taken its spot at the cmc rank so it has fought really hard to retain it's position, as at today ltc mcap is $14,450,026,670 while link mcap is at $14,111,247,710, it seems this two great project are competing each other.
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Ltc did not like that link has taken its spot at the cmc rank so it has fought really hard to retain it's position, as at today ltc mcap is $14,450,026,670 while link mcap is at $14,111,247,710, it seems this two great project are competing each other.
Indeed, according to the indicators of coinmarketcap, it can be seen that the interest in chainlink is really great and at this time many cryptocurrency users will buy this coin, especially given the bullish run of the cryptocurrency market. One way or another, all cryptocurrencies from the top ten of the rating are in high demand.
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Litecoin is indeed a coin that has long been created in the cryptocurrency world and includes coins that almost match the way Bitcoin works.
Litecoin also used to be the prima donna for everyone, including whale-class investors, but unfortunately now Litecoin has been forgotten.
I think Chainlink is a coin that is on the rise now and will continue to survive if Chainlink provides a more complete innovation when juxtaposed with Litecoin.
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Defi has taken a good position in the crypto market. ChainLink has a good reputation among the Defi projects. In a short time, this project has been developed at a good price. I think it will be better in future.
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chainlink is #1 defi project check on coinmarketcap
price 27.70$
Decentralized Finance (DeFi) is the umbrella term used to describe dozens of decentralized financial protocols that run without intermediaries on the blockchain. These protocols can be used by anyone, and include services such as lending, derivative markets, high interest-earning savings accounts, decentralized exchanges, and many more. These protocols are used by interacting with smart contracts.
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Litecoin still carries the old working system like Bitcoin and has no further development, until now it is the same as in 2016.
Chainlink continues to innovate with the times, smart contracts, cheap transaction fees, DeFi projects and lots of events conducted by Chainlink so that the market cap overtakes LiteCoin.
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Chainlink is really one of the promising Defi coins. Moreover, this is like the father of Defi, as some people said. However, LINK is now also like most coins where it is also experiencing some market correction, moreover high correction. However, as we know, it is actually in the step of development. let's see the future