Price Analysis

Chainlink (LINK) Indicates Slight Growth Despite Fluctuating Market

The week-long statistics indicate a prosperous future ahead.

Chainlink has marked a marvelous past from the beginning of the year. The first half was quite a result –giving for the traders. The second half started with a fall and which continued till now. The second month of the last quarter has started. The traders are eyeing for better and improved results. The statistics are indicating that it would satisfy the investors in the upcoming days.

Chainlink Price Prediction

Chainlink started the week at $2.6755 on October 28, 2019. The price escalated to $2.8854 and then fell to $2.6690 within the day. On October 29, LINK coin closed the day at $2.6751 by a marginal progression of 0.36%. On October 30, Chainlink closed the day with a fall of 2.58% at $2.6069. On the next day, the price escalated to $2.7347 by 5.08%. On November 1, the price kept it tight around $2.7392. Yesterday, the currency fell to $2.7048.

LINK to USD Price Chart
Chainlink Price Chart by TradingView

The above-mentioned LINK price chart is suggesting that the first few days of the month have given a push to the coin. The currency has a great future ahead. The investment in Chainlink wouldn’t go futile. However, for the intraday traders, it might not bring a profitable day. The current price is very close to the immediate support level at $2.68. Here is the list of calculated resistance and support levels:

Resistance Level Price Support Level Price
R1$2.75S1$2.68
R2$2.79S2$2.65
R3$2.82S3$2.61

Chainlink is recommended for long-term traders. The price movement of the coin is likely to bring a colossal profit to the investors for the specified time.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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