Cryptocurrencies Price Prediction: Chainlink, LUNA & Bitcoin – American Wrap 27 August

Chainlink Price Prediction: LINK at inflection point, 11% upswing likely

Chainlink price is hovering above the $23.71 support level, hinting at a potential rally. A bounce off the said demand barrier might push LINK up by 11% to 26.47. If the $22.06 foothold is breached, it will invalidate the bullish thesis. Chainlink price is hovering above a crucial support level and could witness a minor upswing before a firm directional bias establishes itself.

Another billionaire ramps up crypto investments as Bitcoin gains mainstream acceptance

Billionaire Simon Nixon has decided to increase allocation to cryptocurrencies in his family office, Seek Capital.The firm views the new asset class as an essential part of the future. A Goldman Sachs survey found that nearly 50% of family offices are looking to invest in digital assets. 

Terra added on Alto CryptoIRA as LUNA price eyes 30% ascent to reclaim all-time high

Terra price has rallied 10% in its quest to reach its all-time high at $34.78. LUNA becomes one of the 19 cryptocurrencies to be added on Alto Crypto IRA. The ascent to reach an all-time high is sprinkled with $30.55 and $32.35 resistance levels. Terra price performance has been nothing short of impressive in the past couple of weeks. While many cryptocurrencies struggled to reclaim the pre-May 19 crash levels, LUNA set up a new all-time high.

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.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Crypto bulls unfazed by flash crash

Bitcoin price action initially shakes off strong selling pressure, finds buyers at support, then resumes some selling pressure. Ethereum price action mixed post-all-time high rejection. XRP price awaits its own bullish breakout and an opportunity to outperform its peers.

More Cryptocurrencies News

MATIC price ready for new all-time highs as $188 million flow into Polygon

The total number of transactions on Polygon network dropped nearly 15% due to a rise in transaction fees over the past week. This hasn’t negatively impacted the network as the number of unique daily active users remained stable. 

More MATIC News

AVAX price offers a bullish opportunity before Avalanche hits new all-time highs

Avalanche (AVAX) price has seen a bullish outbreak on Thursday after it broke out above – and then retested – the red descending trend line at $61.62. With even more buyers and bulls coming in, expect a run towards new all-time highs at $81.

More AVAX News

XLM price building base for bullish breakout

Stellar bulls are in the last phase of completing a bullish triangle. As XLM price is getting squeezed against the base ($0.40), expect a quick breakout of 12%. After taking a breather, expect another 10% of profits to follow. 

More Stellar News


Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast