Binance Coin, Litecoin and Chainlink – American Wrap: 10/12/2020

BNB is currently trading at $ 30.54 after a bullish breakout, gaining $ 400 million in market cap. The digital asset is on the verge of surpassing BCH at $ 4.4 billion in total, in 5th place as only $ 20 million separate both cryptocurrencies. Binance, the exchange behind the coin, has seen record numbers when it comes to derivatives volume, surpassing Huobi and OKEx and becoming the leader.

Litecoin Price Prediction: LTC shows severe signs of a potential reversal

Litecoin had an excellent recovery from the low $ 41.64 formed on September 21. The digital asset is up 23% to $ 51 and now faces stiff resistance. Over the past week, LTC has seen a dramatic increase in market capitalization from $ 3 billion to a peak of $ 3.35 billion on October 11.

Chainlink Price Prediction: LINK must overcome this resistance for the latest rally at $ 13

Chainlink recently embarked on its uptrend after a period of continued downward price action. The support established at $ 7.2 has helped buyers regain balance and control over the price. A reversal from the first week of October saw the Oracle decentralized token break through several key levels such as $ 9, $ 10 and $ 11. Meanwhile, LINK / USD is hovering slightly above $ 11 in a developing bullish time.

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