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📈 Analysis and Prediction (LTC and SOL): #ltc - Against the backdrop of Litecoin's price dropping below $58, miners have reduced their holdings to 2 million coins, which is the lowest level in the past 3 months. However, by mid-September, they started accumulating and increased their total balances by 230,000 LTC, worth approximately $14.7 million. On September 21st, the price of Litecoin stagnated around $65 as miners began to offload tokens once again. In just 5 days, they sold another 5,000 LTC, amounting to about $320,000. Currently, miners control 2.18 million LTC, which is 2.6% of the total circulating supply of 84 million. To return the asset's price to the $80 mark, miners may need to take a break from selling. Once the asset surpasses the current resistance level at $66, it will pave the way towards $75. However, 313,240 addresses that bought 4.04 million LTC at this price may inadvertently cause a prolonged consolidation in the $60-$64 range. In the event of a drop from current levels, Litecoin risks falling below $50. 187,000 wallets that bought 1.73 million coins at the minimum price of $60.33 will provide significant support for the asset and attempt to prevent further decline. But if they fail, LTC may establish a new multi-year low. #ada - Cardano (ADA) ranks seventh in the cryptocurrency market capitalization with a size of $8.6 billion, and the token is trading at a price of $0.24. Cardano has depreciated by 47% from its 2023 peak reached in April at $0.45, due to regulatory issues and fierce competition from Layer 2 networks like Base, Arbitrum, and Optimism. Nevertheless, the growth of TVL and high developer activity suggest that the ecosystem will likely maintain a loyal user base and network activity, ultimately helping ADA return to $0.35 during the next rally. However, if the efforts prove futile, the #cardano price could fall below $0.20. In that case, control will shift to the bears. If you liked the analysis, feel free to subscribe! 😉

📈 Analysis and Prediction (LTC and SOL):

#ltc - Against the backdrop of Litecoin's price dropping below $58, miners have reduced their holdings to 2 million coins, which is the lowest level in the past 3 months. However, by mid-September, they started accumulating and increased their total balances by 230,000 LTC, worth approximately $14.7 million. On September 21st, the price of Litecoin stagnated around $65 as miners began to offload tokens once again. In just 5 days, they sold another 5,000 LTC, amounting to about $320,000. Currently, miners control 2.18 million LTC, which is 2.6% of the total circulating supply of 84 million. To return the asset's price to the $80 mark, miners may need to take a break from selling. Once the asset surpasses the current resistance level at $66, it will pave the way towards $75. However, 313,240 addresses that bought 4.04 million LTC at this price may inadvertently cause a prolonged consolidation in the $60-$64 range. In the event of a drop from current levels, Litecoin risks falling below $50. 187,000 wallets that bought 1.73 million coins at the minimum price of $60.33 will provide significant support for the asset and attempt to prevent further decline. But if they fail, LTC may establish a new multi-year low.

#ada - Cardano (ADA) ranks seventh in the cryptocurrency market capitalization with a size of $8.6 billion, and the token is trading at a price of $0.24. Cardano has depreciated by 47% from its 2023 peak reached in April at $0.45, due to regulatory issues and fierce competition from Layer 2 networks like Base, Arbitrum, and Optimism. Nevertheless, the growth of TVL and high developer activity suggest that the ecosystem will likely maintain a loyal user base and network activity, ultimately helping ADA return to $0.35 during the next rally. However, if the efforts prove futile, the #cardano price could fall below $0.20. In that case, control will shift to the bears.

If you liked the analysis, feel free to subscribe! 😉

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🪙 Crypto News (May 19, 2024): 1️⃣ Tether: The company #Tether has formed a partnership with the non-profit organization The Open Network Foundation (TON) and the payment service Oobit. Together, they aim to develop a comprehensive solution for cryptocurrency payments. 💱 2️⃣ Evmos: California-based project Ripple has announced a collaboration with the #Evmos protocol from Cosmos, which operates on the Ethereum Virtual Machine (EVM). Their joint effort will focus on developing the XRP Ledger EVM sidechain. This sidechain, built on the evmOS solution, will ensure compatibility with #EVM and support the creation and maintenance of native Web3 applications. 🔗 3️⃣ Alchemy: Crypto payment solutions provider #AlchemyPay has partnered with Victory Securities. This partnership will make it easier to access spot ETFs for Bitcoin and Ethereum, as Victory Securities is licensed by Hong Kong's Securities and Futures Commission (SFC). This agreement bridges the gap between traditional finance and digital assets. 📈 4️⃣ HKMA: Hong Kong has officially launched a pilot project for the digital yuan (e-CNY), enabling local residents to conduct transactions with counterparts in Mainland China. 🏦 5️⃣ Lookonchain: A user with the address sundayfunday.sol earned approximately $2.26 million from the new token 1DOL. The trader spent 13 #SOL ($2275) to buy 242 million 1DOL, which, eight hours later, was valued at $2.26 million. Analysts report that the token's value increased 993-fold. 📈 💪 Enjoyed these updates? Don't forget to like and subscribe!
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🤖 AI News (May 18, 2024): 1️⃣ Reddit: Reddit has announced a partnership with #OpenAI to integrate the social platform with the ChatGPT chatbot and other #AI products from the company. As part of the agreement, Sam Altman's startup will gain access to Reddit's API, which "provides structured and unique Reddit content in real-time." This will allow OpenAI's AI tools to better understand and interact with posts on the platform, particularly recent ones. 🤖 2️⃣ Apple: #Apple has revealed new AI-powered accessibility features for iOS and iPadOS, set to roll out on devices "later this year." One of the standout features is eye-tracking, which enables individuals with disabilities to navigate iPhones and iPads using eye contact. 📱 3️⃣ The Information: British AI startup Stability AI has been in discussions over the past few weeks about a potential sale to at least one interested buyer. The company is experiencing a cash crunch, with reports indicating that in Q1 2024, the generative AI developer earned less than $5 million in revenue while suffering losses exceeding $30 million. 📉 4️⃣ WSJ: #Microsoft has asked hundreds of employees in its Chinese cloud computing and AI division to consider relocating to other countries. This request comes amid escalating tensions between China and the United States over AI and semiconductor technologies. 🌏 5️⃣ Ilya Sutskever: Ilya Sutskever, co-founder and chief scientist of OpenAI, has announced his departure from the company nearly 10 years after its inception. 👋 👍 If you enjoyed this update, don't forget to subscribe or leave a comment below!
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📈 Prediction (ETH and BCH): 👍 ETH/USDT - When the asset trades above its 20-day EMA, it is considered a bullish signal — this scenario implies that the current price has surpassed the average price of the last 20 days. Market participants interpret this as a shift towards accumulation of coins. A brief period of #ETH price above the 20-day EMA suggested that bulls temporarily regained control of the market, but then yielded it back to bears. However, at the time of writing, the on-chain sentiment metric for #Ethereum stands at 0.32. A positive value of the indicator indicates an overall bullish sentiment towards the asset on social media. Forecast: Despite bullish activity in the ETH market, on the daily chart, the price remains within a descending triangle. This is typically considered a bearish signal. A descending triangle forms when the price records a series of lower highs. When this occurs, a certain price level forms support. In ETH's case, it sits at $2,864. If bearish pressure intensifies and the coin loses gained ground, it may drop below $3,000 towards the $2,800 area. However, if the coin breaks above the upper boundary of the triangle, it may move higher towards $3,100 in the short term. 🖖 BCH/USDT - The price of Bitcoin Cash has crossed the critical Fibonacci 23.6% correction level at $430. This is a key support that serves as the basis for a bear market. Historically, its testing has led to recovery. Such an outcome is expected this time as well, considering that the altcoin is receiving support from investors. Potential growth could push #BCH towards $450, above the Fibonacci 38.2% correction level. This is an important psychological level that could further fuel the rally. However, there has already been one unsuccessful breakout this month. A new failure could send Bitcoin Cash back to the $430 mark. A drop below this line could trigger a decline to $410 or $400, refuting the bullish scenario. 💪 Share, please.
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