Interestingly, amid the overall bear market, some altcoins are signaling a potential reversal. Chainlink and Litecoin are already showing interesting technical patterns worth examining in more detail.

The situation with Chainlink is remarkable. On weekly charts, a long-term compression formation is visible — the price has been squeezed between an upward trendline, tested by the market for years, and resistance above. This is a classic triangle that often leads to sharp breakouts. Looking at the RSI, the indicator remains steadily in the 30s — historically, this has often triggered rebounds. On-chain data here is also interesting: the MVRV Z-Score indicates that the asset is actually undervalued rather than overheated. When selling pressure weakens, the price could surge upward.

Litecoin is also intriguing. It’s trading near the lower boundary of an ascending channel that has been maintained since 2022. The $75-$80 zone has historically been a strong accumulation area. The weekly RSI in the 30s suggests consolidation rather than collapse, leaving room for a rebound if the channel holds.

I must say, the on-chain signals here are quite encouraging. For LTC, the Pi Cycle Top indicator shows that when the price drops below the 111-day moving average, significant recovery rallies often follow. This is exactly the moment we’re in now. Plus, institutional interest in infrastructure projects hasn’t disappeared, and Asian exchanges are actively listing new derivatives on Litecoin.

I wouldn’t say the market has suddenly turned bullish. But for those waiting for an entry opportunity, technical structures and on-chain data point to growth potential. Of course, everything depends on macro factors and Bitcoin’s trajectory, but for patient players, the coming months could be interesting. Gate offers good tools to track these assets if you want to follow the developments.