Solana

Litecoin

Momentum

<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/top-altcoins-to-watch-for-next-week-solana-sol-ripple-xrp-and-litecoin-ltc-prices-may-gain-momentum/">Top Altcoins To Watch For Next Week: Solana (SOL), Ripple (XRP) And Litecoin (LTC) Prices May Gain Momentum</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Over the last week, the crypto market witnessed surprising price movements as Bitcoin significantly declined from a high of $31.5K. The latest US ADP data has hinted at an upcoming interest rate hike, adding another layer of uncertainty to the financial and crypto landscape. However, even in these turbulent times, <a href="https://coinpedia.org/altcoin/top-altcoin-picks-for-q3-2023-doge-pepe-matic-inj-and-bnb-gain-attention/">certain altcoins</a> are showing potential for growth. Among these, Ripple (XRP), Solana (SOL), and Litecoin (LTC) may take the spotlight to watch for next week.</p> 
<h2 class="wp-block-heading" id="h-crucial-week-for-the-altcoin-market">Crucial Week For The Altcoin Market&nbsp;</h2> 
<p>As we step into a new week, the altcoin market is preparing for a <a href="https://coinpedia.org/altcoin/analyst-predicts-altcoin-season-in-august-heres-what-traders-can-expect/">significant shift</a>. The upcoming release of the Consumer Price Index (CPI) and Producer Price Index (PPI) data on the 12th and 13th of July, respectively, is expected to have a profound impact on the crypto market. According to the CME FedWatch tool, the odds of a July interest rate hike stand at a staggering 90%.</p> 
<p>Nonetheless, the altcoin market could experience a favourable turn as Bitcoin struggles to reclaim its immediate resistance level at $30.5K. This situation could pave the way for an influx of funds into the altcoin market.&nbsp;</p> 
<h3 class="wp-block-heading" id="solana-sol-price-analysis">Solana (SOL) Price Analysis</h3> 
<p>Solana demonstrated a strong rebound off the 20-day EMA at $19.5, suggesting that investors are capitalizing on every minor dip. The bulls have successfully driven the price beyond the downtrend line, signalling a potential end to the short-term correction phase by surpassing the $22 resistance level.&nbsp;</p> 
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 <img decoding="async" src="https://lh6.googleusercontent.com/1mMifI_eT80xfXPtIxM3q920PWFPwgYsq7r4NGr0c6u7nw58R4sgJo9lYZW4cJFFGmNCKRfSZGhwfrkv4gZJZTJhtDYuIyeq7_3gAeXsfYMaojTskNdPdx4dfOYUUB6hg2q-odcfE2rZ_ZP0oYWszIU" alt="">
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<p>The moving averages are on the brink of a bullish crossover, and the RSI is nearing the overbought zone, indicating that the bulls are taking control. However, bears recently defended a surge above $22, showing turmoil near higher levels.&nbsp;</p> 
<p>If the buyers manage to keep the price above $22 and send it toward $24, the price of SOL could potentially rise to $27.01.&nbsp;</p> 
<p>For the bears to seize control, they would need to pull the price beneath the moving averages. This could surprise the aggressive bulls, leading to a fall to the robust support zone at $19.&nbsp;</p> 
<h3 class="wp-block-heading" id="ripple-xrp-price-analysis">Ripple (XRP) Price Analysis</h3> 
<p>XRP has been oscillating between the 20-day EMA of $0.47 and a support level of $0.45 recently, indicating bearish selling on rallies but also strong buying at lower levels. This narrow trading range is expected to break soon.&nbsp;</p> 
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 <img decoding="async" src="https://lh6.googleusercontent.com/qV7Ype-EVYVEaFwU0m-Gnxq32cMis9Y8kJZ9tabrU0i3cA0JO4kTDuxb1uwch16Qh5aRqeuTNdWZbv_1EqZgEasFvoWYlV65ZioFT5gzhmTJuchOadyA_oEsAcJglh5BNKK9flFGKXieT1fXHFD0p9U" alt="">
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<p>If the $0.45 support fails, bears may pull the price down to the next significant support at $0.4. Conversely, if the price rises from its current position, bulls will aim to surpass the moving averages, potentially sending the XRP price to $0.5389.&nbsp;</p> 
<h3 class="wp-block-heading" id="litecoin-ltc-price-analysis">Litecoin (LTC) Price Analysis</h3> 
<p>Bulls attempted to drive Litecoin above the key resistance of $105 but were met with strong resistance from bears, as indicated by the long wick on the candlesticks. The LTC price then dropped to the 100-day EMA at $97, a crucial support level.&nbsp;</p> 
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 <img decoding="async" src="https://lh4.googleusercontent.com/qtQ9G15-Zvs3u7R7zGvoIVxUjgdIeo1k3iWhRHNJ6daTIvpmV6NjqErTIcBdrDer2brepm7k8TMCuWgk-1x38IFK5jRVNm3NPWK72PqILLf6EeMqlz_pRyUhiZgkTaRB3HkEikSPNhhgDYo824mDkwc" alt="">
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<p>If the price rebounds from this level, bulls will likely try again to breach the $105 resistance. If successful, the price will skyrocket to $114 by next week.&nbsp;</p>

Top Altcoins To Watch For Next Week: Solana (SOL), Ripple (XRP) And Litecoin (LTC) Prices May Gain Momentum

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