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๐Ÿ“ˆ 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! ๐Ÿ˜‰

๐Ÿ“ˆ 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! ๐Ÿ˜‰

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
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๐Ÿ“ˆ Prediction (ETH and LTC): ๐Ÿ˜ ETH/USDT - #Ethereum briefly dipped below the $3,000 mark, and further decline could lead to a two-month low. However, the likelihood of this event is diminishing as investors regain confidence in the altcoin's prospects. According to data from the Santiment analytical platform, the number of #ETH transfers to exchanges has significantly decreased. This indicates that selling pressure is subsiding, and market participants prefer to hold onto their coins. Forecast: Currently, Ethereum is trading within a descending wedge and is approaching a breakout. If successful, the asset's price could rise by 28% to the key level of $4,000. However, a confident confirmation of $3,000 as support and movement towards $3,500 seem like a more realistic scenario. Nevertheless, ETH still risks falling to the lower boundary of the wedge, coinciding with the $2,800 mark. This would lead to increased losses and a potential plunge to $2,600, rendering the bullish thesis invalid. ๐Ÿคซ LTC/USDT - Litecoin's price tends to react to investor behavior, and there's currently an increase in #LTC holder activity on the network. The number of addresses conducting transactions has increased by 22.66% over the past three weeks, from 353,000 to 433,000. Such growth in active addresses is observed for the first time in almost six months. The last time this occurred was in November 2023. Forecast: Litecoin's price is breaking out of the "Descending Triangle" reversal pattern. This bullish formation on the chart promises a potential trend reversal from bearish to bullish if the price breaks above the upper boundary of the pattern. Considering the aforementioned factors, the altcoin could initiate a potential rally of 27% towards the pattern's target at $102. However, for this to happen, LTC's price must first turn resistance at the $86 level into support. If this bullish breakthrough fails, #Litecoin may break support at $79, leading to the nullification of the pattern and the bullish scenario. In this case, the price could fall to $76 and below. ๐Ÿ“Š Share analysis!
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๐Ÿช™ Crypto News (May 10, 2024): 1๏ธโƒฃ Cardano Foundation: The #Cardano Foundation, a non-profit organization headquartered in Switzerland and overseeing the cryptocurrency ADA, has appointed Giorgio Zinetti as its new Chief Technology Officer (CTO). Zinetti's focus will be on open-source solutions. ๐Ÿ” 2๏ธโƒฃ Optimism: Third-tier networks (L3) can now integrate into the Superchain ecosystem using the OP Stack technology stack. ๐Ÿ”„ 3๏ธโƒฃ DeDust: DeDust.io, a decentralized exchange on The Open Network (TON) blockchain, has launched staking for its native token SCALE. To participate, users need to visit the Staking #SCALE page, connect their TON-supported wallet, and click the Stake button. Staking has no minimum requirement. Withdrawals can be made after 72 hours or immediately with a 5% commission. ๐Ÿ’ผ 4๏ธโƒฃ Decentralized Recovery Alliance: #Ripple has joined Swirlds Labs and the Algorand Foundation as a founding member of the DeRec Alliance. This initiative aims to simplify the implementation and recovery of digital assets. In January, Limon Baird, co-founder of Hedera, conceived DeRec Alliance as an open-source project to establish methodologies and industry standards for convenient, secure, and decentralized asset recovery across all wallets. ๐Ÿ›ก๏ธ 5๏ธโƒฃ PR Newswire: #Canaan unveiled the flagship product of the next generation of cryptocurrency mining devices, the A1566 series Avalon A15, at the Bitcoin Asia 2024 exhibition. ๐Ÿš€ ๐Ÿ‘ If you haven't already subscribed, consider hitting the subscribe button for more updates like these!
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