IQ Protocol and LightLink Partnership

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 12 2024

LL-0.17%

IQ-2.653%

ETH+1.911%

Should l Buy LL?

Partnership Announcement: IQ Protocol and LightLink have partnered to revolutionize Web3 gaming and NFT communities with instant, gasless transactions.
LightLink Features: LightLink offers gasless transactions through its Enterprise Mode, including a contract address whitelist and subscription-based gas subsidies.
Empowering Web3 Gaming: Integration of IQ Protocol with LightLink aims to enhance decentralized gaming experiences by leveraging scalability and cost-effectiveness.
Anticipated Advancements: Expect innovative gaming experiences and enhanced NFT rental solutions as a result of the partnership between IQ Protocol and LightLink.
About IQ Protocol and LightLink: IQ Protocol is an open-source NFT rental technology, while LightLink is an Ethereum Layer-2 blockchain providing immediate, gasless transactions through its Enterprise Mode.

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Technical Analysis for LL

Technical Sentiment Analysis for LightLink (LL) As of , LightLink (LL) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 7 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, LL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

LightLink (LL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00216	0.00278	0.00321	0.00383	0.00426	0.00488	0.00531
Fibonacci	0.00278	0.00318	0.00343	0.00383	0.00423	0.00447	0.00488

About LL

LightLink is an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant, gasless transactions. LightLink's novel Enterprise Mode enables businesses to operate gas-free, allowing users on their platforms to engage in a secure, user-friendly blockchain network without transaction fees, barriers to entry, or the need for any tokens.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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