The crypto market cap is again on the verge to lose the pivotal $800 billion mark which is flashing bearish signals for the end of the year 2022. However, after a brief descending consolidation, the following rally is expected to be quite bullish.
One of the noted analysts, Altcoin Sherpa, marks the possible price trend of the 3 popular altcoins, Chainlink (LINK), Apecoin (APE), and Litecoin (LTC).
Chainlink (LINK)
As per the market conditions, the LINK price slashes hard after being rejected from the interim resistance just below $8. However, the price has rebounded from the 0 FIB levels and may soon reach the initial target of $6.6.
“ Still in a position here, it’s an inactive one where I just dca and let it sit. The chart to me still looks decent in terms of accumulation but I realize it could take weeks to play out,”
Apecoin (APE)
Apecoin is losing its grip over the rally as the bears successfully mount significant pressure on the asset. The price is constantly trying to lay down a notable upswing but could face rejection but anyhow may make it to $4 soon.
“Don’t take this, it’s a bit risky given the market conditions. That said, funding is nice still for longs and this consolidated right at the .618. Still think this will ultimately head lower and I’ll be looking for shorts around $4 but long for now, TP at 3.8/4,”
Litecoin(LTC)
Similar to most altcoins, the Litecoin price is also accumulating along the pivotal levels. While the volume has maintained decent levels, the volatility is also expected to rise significantly. In such case a the LTC price may soon find a triple-digit figure soon.
“This shitcoin looks to have found a temporary bottom but would like to see a reclaim of $65 on HTF charts. If this happens, maybe $70 is next,”
Source: https://coinpedia.org/price-analysis/altcoins-to-look-for-in-january-2023-ape-link-ltc-in-the-decisive-phase/