HomeNewsChainlink on the Verge of Surge: Trader's Bullish Outlook Reveals $15 Price...

Chainlink on the Verge of Surge: Trader’s Bullish Outlook Reveals $15 Price Target

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  • Renowned crypto analyst Michaël van de Poppe forecasts more than 100% gains for both Litecoin and Chainlink.
  • Litecoin’s potential targets are $180 and $250, whereas Chainlink could ascend to as high as $15 according to the analyst.

Michaël van de Poppe, a respected crypto strategist with a substantial Twitter following of 659,700, is making bold predictions about two major cryptocurrencies: Litecoin (LTC) and Chainlink (LINK). He anticipates that both are poised for surges exceeding 100%.

Litecoin’s Bullish Outlook

Van de Poppe has a positive outlook on Litecoin, the peer-to-peer payment network, after it successfully surpassed several technical resistances during its rapid rise last week. The trader forecasts that Litecoin’s price could escalate to as high as $250, which implies a potential upside of over 135% from its current price of $106. This surge stems from the fact that Litecoin has broken through key barriers, including the 200-week moving average and exponential moving average, and the $100 resistance level.

Chainlink on the Verge of an Uptrend

As for Chainlink, a decentralized oracle network, Van de Poppe notes that LINK has successfully regained its vital support level of $6 after reaching a 2023 low of approximately $5. The analyst suggests that this bullish recovery indicates that LINK is on the threshold of triggering an uptrend, which could catapult it to a price point as high as $15. This represents a potential increase of more than 127% from its present value of $6.60.

Van de Poppe is also closely monitoring the performance of XRP. The trader proposes that as long as XRP maintains its support above $0.48, it has the potential to rise to $0.53. Although the current structure isn’t clear, more confirmations could potentially start to target the $0.53 price point.

At the time of publication, XRP is being traded at $0.49, suggesting that Van de Poppe’s predicted uptrend may soon come to fruition. With the expert’s predictions pointing towards impressive gains for both Litecoin and Chainlink, it appears the market may be in for a significant shift.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: info@ethnews.com Phone: +49 160 92211628