📈 Analysis and Prediction (ETH and LTC):

📰 #ETH/USDT - Yesterday, the U.S. Securities and Exchange Commission (SEC) announced approval of applications for a spot Bitcoin ETF on Twitter. However, shortly after, #sec Chairman Gary Gensler stated that the regulator's account was hacked, and no decision has been made yet. The prices of BTC and #eth diverged after the announcement, with Ethereum rising by 5% and Bitcoin falling by 4%. Notable crypto traders and analysts believe that a shift of funds from Bitcoin to Ethereum has already begun. Forecast: On the 3-day BTC dominance chart, it's evident that dominance has been increasing within an ascending parallel channel since November 2022. Such channels typically contain corrective movements, indicating the possibility of a breakout. Additionally, the 3-day Relative Strength Index (RSI) is signaling bearish indications. If dominance exits the channel, it could drop by 10% to the nearest support level at 48.50%. This could trigger a minor altseason.

📊 #LTC/USDT - The weekly timeframe reveals that in July 2023, #ltc reached a peak at $115 and has been declining since. By August, it dropped to a low of $56. After a brief bounce and subsequent fall, Litecoin formed a rising low last week. The price rebound confirmed the long-term upward trendline since June 2022 and a horizontal area that alternated between support and resistance. Crypto traders and analysts differ in their opinions on LTC's prospects. Forecast: The 2-day chart cannot confirm the trend direction. However, Elliott Wave analysis suggests that, according to the most likely scenario since June 2022, the price completed a five-wave upward movement and an A-B-C corrective structure. If true, in September 2023, Litecoin initiated another upward movement (white color). If these bullish structures have equal length, LTC could grow by 80%, reaching the next resistance at $122.

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