LINK is one of the TOP 20 cryptocurrency by market cap, listed on all major exchanges including Binance and Coinbase. LINK is the native token of ChainLink – A reference data solution provider for smart contract implementation in real businesses and events. LINK is also one of rare cryptocurrency which made all-time high during bear market of 2018-2019. Last Year, LINK made an all-time high against bitcoin at around 0.000395 BTC, after CHAINLINK announced a major partnership with Tech Giant Google.
CHAINLINK is one of the most active project which regularly announces partnerships with other companies. CHAINLINK Community which is fondly known as “LINK ARMY” is recognized as one of the Top 5 cryptocurrency communities in the world.
Technical Analysis
There are two strong technical evidences which suggest a new ALL-TIME HIGH is a few days away.
- BULLISH PENNANT STRUCTURE
On the weekly chart, we can see a giant bullish pennant structure which has resistance at 0.000355 BTC, Breaking out from this pennant structure will clear way to a new all-time high.
- MACD CROSSOVER
We can also spot a bullish crossover on MACD, which also indicates a strong sign of upcoming price rally.
Looking at the Weekly chart, we believe LINK can soon make a new all-time high and the price can reach above 0.00044 BTC in next few days.
Worth your time- LEND could outperform Bitcoin this year.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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