Chainlink, Litecoin & Dogecoin — Asian Wrap 06 October

Chainlink price has been producing higher lows since June. The Volume Profile Indicator shows bears have regained control of the higher time frames. Invalidation of the bearish thesis is a breach above $10, which could trigger an additional rally towards $12. 

Litecoin price could take the cryptocurrency market by surprise as a bullish retaliation may unfold in the coming days. Litecoin, the digital silver akin to Bitcoin’s comparison to Gold, has been trading range bound throughout September near the mid $50 level.

Dogecoin has been up 12% since the beginning of October. The DOGE price failed to breach the previous swing high and shows a lack of momentum despite an influx of volume. Invalidation of the bearish thesis is a closing candle above $0.068.

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