😱🚀🚀3 Altcoins with Big Boom Potential in July
Chainlink (#LINK )
Blockchain is a decentralized oracle network designed to bridge the gap between smart contracts and real-world data. $LINK , the native cryptocurrency of the Chainlink protocol, experienced a significant rise during the market correction in June, with its price falling from $19.2 to $12.6, a loss of 34.3%.
However, the altcoin bounced back immediately from the $12.6 support along with the 32.6% Fibonacci retracement level and the 100W EMA. The potential reversal increased Chainlink price by 16.8% to trade at $14.5 while its market cap rose to $8.85 billion.
With continued buying, LINK price is poised for a 15% increase and is challenging the downtrend line. A potential break of this resistance would be a better signal for a sustainable rise.
(#DOT )
Polkadot ($DOT ) is a unique blockchain protocol that aims to enable multiple blockchains to transfer messages and values securely; They share unique features while combining security.
Polkadot (DOT)| trading view
Over the past three months, DOT price has witnessed a steady downward trend developing a falling wedge formation. Two trend lines converging as dynamic resistance and support pushed the asset down to a 200-day low of $5.39.
However, with the recent market reversal, the Polkadot price recovered by 21.25% and traded at $6.53, while its market value increased to $9.38 billion.
In the midst of this rise, the DOT price made a serious breakout from the wedge pattern resistance, signaling the end of the correction phase. A post-breakout rally could support buyers targeting $7.77, then $10 and $11.9.
Litecoin ($LTC ) is a peer-to-peer cryptocurrency designed to enable fast, secure and low-cost payments by leveraging the unique features of blockchain technology.
On June 24, the altcoin rebounded from the $67.5 support and rose 11.5% to $75.27.
With sustained buying, LTC price could break the overall trend line and pursue a potential target of $112.8.
