Chainlink (LINK) Breaks Its Trendline, While Litecoin (LTC) Targets a Bullish Flag Breakout – Are New ATHs Coming This Summer?

Crypto enthusiasts have their eyes on Chainlink and Litecoin as key levels are reached. Chainlink has moved past its downward trend, sparking interest. Meanwhile, Litecoin aims for a bullish flag breakout, raising questions about potential new highs. Find out if these coins are gearing up for a summer rally and which ones show the most promise for growth. Chainlink: Mixed Momentum and Key Ranges Signal Trading Opportunities Chainlink experienced a 17.71% gain over the past month but showed a 4.15% decline over the last six months. The recent week brought a 4.04% rise, showing a short-term uptick amid volatility. Price movements have oscillated between enthusiasm and longer-term pullbacks, indicating fluctuating investor sentiment and market responses. Current trading places Chainlink within a range of $11.15 to $16.41. Immediate resistance lies at $18.52, with a secondary level at $23.77. Support can be found around $8.01 and $2.75. With a relative strength near 60, the market shows mixed momentum with bulls and bears competing. Traders might look to buy near support levels and sell at immediate resistance. Litecoin Price Analysis: Short-Term Gains and Long-Term Stability Litecoin showed a noticeable boost over the past month with a nearly 20% rise while the six-month change remained close to flat at just under 1%. Price swings between roughly $68 and $94 marked recent activity, reflecting short-term buying interest combined with minimal movement over a longer period. The indicators point to some conviction among traders during this burst of monthly momentum yet a steady longer-term outlook. Current trading sees Litecoin confined between clear key levels—a support near $53 and immediate resistance at about $104, rising to a secondary resistance around $129. Bulls are in play short-term, evidenced by the monthly rally, but the mix of positive and negative signals means no clear trend is set. Traders might consider buying when prices revisit support and look to sell near the resistance zones. Conclusion LINK has broken its trendline, showing potential for upward movement. LTC is approaching a bullish flag breakout, suggesting a positive trend. Both cryptocurrencies are positioned for growth. New all-time highs could be seen this summer if current trends hold. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Bitzo