• Chainlink price bounced off the key support level at $22.56, suggesting a rally ahead.
  • Avalanche price found support around its 61.8% Fibonacci retracement at $32, gearing up for a surge.
  • Litecoin price held its 50-day EMA at $112, heading toward a potential rally.

Altcoins Chainlink (LINK), Avalanche (AVAX) and Litecoin (LTC) prices found support around key levels earlier this week. Their technical outlook shows a bullish picture and hints at double-digit gains ahead.

Chainlink bulls aiming for levels above $30

Chainlink price retested, found support around the weekly support level of $22.56 on Tuesday, and rallied 8.13% until Thursday. This level coincides with two important support levels: the 50-day Exponential Moving Average (EMA) and the 38.2% Fibonacci retracement (drawn from the August 5 low of $8.08 to the December 16 high of $30.96), making it a key support zone. At the time of writing on Friday, it continues to trade higher by 3.27% at $25.26.

If LINK continues its upward momentum, it will extend the rally by 23% from its current level to test its December 16 high of $30.96.

The Relative Strength Index (RSI) reads 56, above its neutral level of 50 and pointing upwards, indicating bullish momentum. If the Moving Average Convergence Divergence (MACD) flips to a bullish crossover on the daily chart, it would give a buy signal and suggest an uptrend.

LINK/USDT daily chart

LINK/USDT daily chart

Avalanche price action looks promising

Avalanche price was rejected after testing a descending trendline (drawn by connecting multiple highs since mid-December) on Sunday and declined 12.3% until Tuesday. However, on Wednesday, it found support at its 61.8% Fibonacci retracement (drawn from the August low of $17.29 to the December high of $55.79) at $32 and recovered nearly 7% until Thursday. At the time of writing on Friday, it continues to recover, trading around $34.75.

If AVAX continues its recovery and breaks above the descending trendline, it could extend the rally to retest its weekly resistance level at $41.15.

However, the RSI reads 44 and points upwards. For the bullish momentum to sustain, the RSI must close above the neutral level of 50 and rise. Like Chainklink, AVAX’s MACD indicator on the daily chart is about to flip a bullish crossover. If it succeeds on a daily basis, it would give a buy signal and suggest an uptrend.

AVAX/USDT daily chart

AVAX/USDT daily chart

Litecoin bulls aiming for double-digit gains

Litecoin price found support around its 50-day EMA at around $112 on Tuesday and rallied more than 18% in the next two days. At the time of writing on Friday, it hovers around $129.10.

If LTC maintains its upward trend, it will extend the rally by 14% from its current level to retest its December 5 high of $147.34.

The RSI reads 59 and points upwards, indicating bullish momentum. Moreover, the MACD indicator on the daily chart shows a bullish crossover on Thursday, giving a buy signal and suggesting an uptrend.

LTC/USDT daily chart

LTC/USDT daily chart


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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin recovers above $85,000 while institutional investors offload their holdings

Bitcoin recovers above $85,000 while institutional investors offload their holdings

Bitcoin (BTC) recovers slightly and trades around $86,000 at the time of writing on Thursday after falling nearly 15% at one point this week. US President Donald Trump’s ongoing tariff news and falling institutional demand fueled the BTC’s correction.

More Bitcoin News
ONDO Finance partners with Mastercard: Tokenized Real-World Assets to Multi-Token Network

ONDO Finance partners with Mastercard: Tokenized Real-World Assets to Multi-Token Network

Ondo Finance announces a partnership with Mastercard to bring tokenized Real-World Assets to Mastercard’s Multi-Token Network.. This integration will bring Ondo’s OUSG token to MTN, enabling businesses to access the benefits of tokenized treasuries seamlessly.

More Ondo News
Solana Price Forecast: DTCC lists first SOL futures ETF, will it avert $130 breakdown?

Solana Price Forecast: DTCC lists first SOL futures ETF, will it avert $130 breakdown?

Solana price edges higher and trades near $140 at the time of writing on Thursday after tumbling from $172 to $134 this week as FTX estate’s impending token unlock looms ahead despite early gains from a new SOL Exchange Traded Fund listing.

More Solana News
XRP remains in murky waters as SEC drags feet in dismissing its case against Ripple

XRP remains in murky waters as SEC drags feet in dismissing its case against Ripple

XRP has witnessed heavy losses since the beginning of the week, dropping nearly 15% as the crypto market stretches its losses. Ripple community members continue to expect an end to the SEC's multi-year lawsuit as the agency closes another investigation.

More Ripple News
Bitcoin: BTC demand and liquidity conditions remain weak

Bitcoin: BTC demand and liquidity conditions remain weak

Bitcoin price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot ETFs data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors. 

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP