Cryptocurrency Although the total value of the market has risen to over $1.19 trillion, it remains around $1.15 trillion after a correction and consolidation. Despite the Bitcoin price rising above $28,500, the bulls lost their power and declined.
As a result, the bearish effect is slowly spreading among other altcoins. However, despite the growing bearish impact, some assets show great potential to continue long before the start of a strong bull run.
Left (LEFT)
wither The price has been trading in a bearish trend for a long time, but after consolidation, the downward trend is expected to continue. Expectations are that the price is rejected from the upper resistance and headed towards the lower support. The RSI and ADX are both bearish which could push the price further down in the coming days. However, after marking the bottom, the price can recover and rise to retrace lost positions.
Litecoin (LTC)
Litecoin It registered a parabolic recovery and reached the neckline post, where it slid down to perform the cup and handle pattern. The price has managed to rebound and is preparing to make a move to initially reach $100. Also, a significant uptrend was recorded in the coming days, which could reverse the trend.
Chainlink (LINK)
chainlink The price is trading within a parallel channel within predetermined resistance and support levels. The price is trading at average levels and has recently made a notable upward move.
The V-shaped recovery is believed to trigger the necessary momentum that could push the price higher near the resistance of the channel. However, as ADX tries to show a bullish breakout, the token’s volatility is less so once the strength needed for the uptrend builds up, an uptrend may be imperative.
You can follow the current price action here.