ChainLink (LINK), XRP, Monero (XMR) and Zcash (ZEC) Price Analysis For November 6: Sudden Surge of Bullishness Is Here

Chainlink (LINK) has been correcting lower after a relatively bullish September and October. The crypto is currently trading around the $11.40 area. On the daily chart, LINK made a local high around the $15.50 area towards the end of September. Since then, LINK has been correcting lower and making lower high$1, which $2 that the short-term bullish trend has lost some of its strength for now. At the moment, LINK is also trading below its short-term and medium-term moving average$1, which $2 that sellers are currently in control of the price action. The long-term moving average is also quite close to the $11 are$1, which $2 offer some support in case of a breakdown.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to U.Today.