LINK Market Update and Setup Friday 1/16/2026
- Simple Trader
- 17 hours ago
- 1 min read
LINK and LINKBTC are both trading with indecisive candles.
LINKBTC needs to print stronger bullish daily candles from the current location and move toward the 0.000170 BTC resistance. A bullish break above the short-term lower-high trendline would improve structure and help LINK regain upside momentum.
LINK itself is trading indecisively and closely following Bitcoin’s price action. A push toward the $16.00 resistance is needed to re-establish bullish momentum. A confirmed breakout of the daily lower-high trendline would significantly strengthen the setup. Above $16.00, LINK opens the door for a rally toward $20.00 and potentially higher.
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