The cryptocurrency space is witnessing activity that may lead to significant price changes. Chainlink and Litecoin are in the spotlight due to recent technical movements and increased whale activity.
Chainlink Whale Activity
Chainlink is showing signs of recovery, supported by a rise in whale activity. Since late June, LINK has gained over 70%, reflecting growing optimism after a prolonged consolidation period. Over the past month, more than 8 million LINK have been acquired on-chain, signaling a belief in further upside potential.
Technical Analysis of Litecoin
Litecoin's price approaches a strong resistance zone between $110 and $125, which has hindered upward moves since 2021. Current momentum, supported by increasing trading volume and converging exponential moving averages, indicates that LTC may be preparing to breach this ceiling.
New BlockDAG Demo
BlockDAG is set to conduct an important X10 + X1 demo on Wednesday, showcasing how the compact X10 miner integrates with the X1 mobile app, providing hands-free earnings opportunities for users.
The whale activity around Chainlink and technical signals from Litecoin suggest the possibility of breakouts in the coming weeks. Meanwhile, BlockDAG prepares for a new demo, which may also influence the market.
