LTC And LINK Bullish Going Into the Weekend

Litecoin and Chainlink move higher over the weekend, while Polkadot could lose its weekly gains if the downward trend continues.

As the weekend approaches, Litecoin remains bullish after rising 28% last week. It has solid support at $271 and could reach $300 this weekend. Chainlink is also up 26% in the past week, but has lost momentum in the past 24 hours. Despite the drop to $40, it is still on track for a record high this weekend. Polka Dot seems to be the darkest of the three, up just 2.8% for the week. It’s down about 2% in the past 24 hours, and the weekend could derail weekly gains if the trend continues.

LTC Price Forecast

A look at the 4-hour chart of LTC/USD shows that Litecoin has established solid support at $271, which is well above the 100-day simple moving average ($230).

LTC needs to avoid a drop to the $281 pivot level to reach the first major resistance at $296. However, it will need support from the broader market if it is to break through Thursday’s high at $291.25.

4-hour chart LTC/USD. Source: Coincide

In the event of an extended rally this weekend, the next resistance level of $300 would likely limit further upside. However, if LTC fails to avoid a drop to the important $281 level, the first major support at $271 will come into play.

LINK Price Forecast

Chainlink is another bullish play heading into the weekend. It is up 26% in the past week and could rise even more this weekend with the help of the broader market. On the 4 hour LINK/USD chart below, LINK has strong support at $39.70. If there is a rally over the weekend, the LINK could try to break through the first major resistance at $44.30.

4-hour chart LINK/USD. Source: Coincide

If the rally continues, LINK could break through $45 and set a new all-time high. However, any downward trend in the overall market could pull LINK down and bring the $35 level into play. Currently, the MACD and RSI LINK indicators are bullish.

DOT Price Forecast

The semi-cadence is the most bearish of the three, rising only 2% despite the rise in the rest of the market. The 4-hour chart of DOT/USD shows that the cryptocurrency is slightly bullish, but the bears are fighting for control. If the current situation persists, the DOT could slip below support at $39.90, leading to further losses towards the $33 level.

DOT/USD 4 hour chart. Source: Coincide

However, if buyers take control, the DOT could run into the next resistance point at $46.15. During the extended rally, it could make a new all-time high above the current high ($46.45). Nonetheless, the DOT’s technical indicators are predominantly bearish at the moment and it could suffer further losses over the weekend.

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