Despite the decline in Bitcoin prices, Chainlink (LINK) and Litecoin (LTC) are drawing investors’ attention by showing signs of recovery with the support of bulls. Chainlink’s push to the $25 target and Litecoin’s potential to reach $130 offer earning opportunities in the short term. Positive signals in technical indicators suggest that these two altcoins could be the market’s recovery leaders.
While the cryptocurrency market remains under pressure with Bitcoin falling below the $95,000 level, Chainlink (LINK) and Litecoin (LTC) are showing signs of recovery with the support of the bulls. These two altcoins stand out with their potential to increase their gains despite the broader market decline.
Chainlink Approaches $25 Target$LINK
Chainlink is attracting the attention of bulls as one of the undervalued and strong altcoins in the crypto market. LINK, which fell from $ 27 to below $ 20, quickly recovered to $ 22.87. Trading volume increased by 31%, approaching $ 3 billion, reinforcing the bulls’ dominance in the market.
Support Level: There is a strong support at the $20.56 level.
OBV and MACD: While volume-based indicators give bullish signals, an increase in buying volume reduces selling pressure.
With this recovery, LINK price is expected to reach $24.92 in the short term and target higher levels by breaking the $25 resistance.
Litecoin Continues Uptrend$LTC
Litecoin, which has been on an uptrend since the consolidation it experienced in November, pulled back slightly after its price reached $145, but is showing signs of recovery as it struggles to hold above the $120 level.
RSI: The recovery in the Relative Strength Index confirms the uptrend.
DMI: Strong signals from ADX suggest that the bulls are taking control.
Litecoin is likely to surpass the $121 resistance and regain the $130 level in the next 24 to 36 hours.
While the decline in Bitcoin has put pressure on the crypto market, strong altcoins such as Chainlink and Litecoin are showing signs of recovery with the support of the bulls. Positive signals in technical indicators can offer significant profit opportunities to investors in the short term. Despite the general volatility of the crypto market, Chainlink and Litecoin continue to be among the recovery leaders.