Cryptocurrencies Price Prediction: Binance Coin, Litecoin & Chainlink – American Wrap 12 October
|Binance Coin Price Prediction: BNB ready to smash through the yearly high at $33
BNB is currently trading at $30.54 after a bullish breakout, gaining $400 million in market capitalization. The digital asset is on the verge of surpassing BCH at $4.4 billion in total, ranked 5th as only $20 million separate both cryptocurrencies. Binance, the exchange behind the coin, saw record-high numbers when it comes to derivatives volume, surpassing Huobi and OKEx, and becoming the leader.
Litecoin Price Prediction: LTC shows severe signs of a potential reversal
Litecoin had an excellent recovery from the low at $41.64 formed on September 21. The digital asset climbed 23% towards $51 and now faces strong resistance ahead. Over the past week, LTC has seen a notable increase in market capitalization from $3 billion to a peak of $3.35 billion on October 11.
Chainlink Price Forecast: LINK must break through this resistance for the ultimate rally to $13
Chainlink recently embarked on its upward trend following a period of continued downward price action. Support established at $7.2 assisted buyers to regain balance and control of the price. A reversal from the first week of October has seen the decentralized oracle token step above several key levels like $9, $10 and $11. In the meantime, LINK/USD is doddering slightly above $11 amid a developing bullish momentum.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.