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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˜‰

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๐Ÿ“ˆ Prediction (LINK and PEPE): ๐Ÿ‘LINK/USDT - The coin's price has been fluctuating over the past few days, resulting in the token trading around $17.2 at the time of writing. It is expected that this downturn will continue due to various factors, including a decrease in investor participation. Over the last two weeks, the number of addresses conducting transactions on the network has decreased by almost 45%, from 5,560 to 3,070. The decline in network activity indicates a waning interest from investors. Forecast: From a technical standpoint, Chainlink is gearing up for another correction. On the daily chart, a "head and shoulders" pattern is forming, which is considered a bearish reversal formation. The neckline of the pattern is located at $17.85, providing support to the price, but a sustained close below this level could trigger a correction to $14.02, marking a 21% decline. However, a large accumulation of #LINK tokens purchased between $15.56 and $17.48 could halt the decline. As investors refrain from selling assets at a loss, this level could provide support to Chainlink. Nevertheless, the coin will need to establish itself above the $17.85 level to refute the bearish scenario. ๐Ÿ˜€ PEPE/USDT - Currently trading at $0.00000644, the coin is slightly above the crucial support line of $0.00000633. This boundary has remained steadfast over the past month. Judging by investors' bullish sentiment and positive signals from the Ichimoku cloud, which indicates a bullish trend when positioned below the candles, the token is poised for a potential rebound. This could drive the price above $0.00000826 and even towards a new all-time high of $0.00001000. However, if #PEPE breaches the current support level, it could trigger a correction, casting doubt on the bullish forecast and potentially leading to a decline to the next support level at $0.00000474. ๐Ÿ“Š Please share this analysis with others.
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๐Ÿค– AI News (Apr 6, 2024): 1๏ธโƒฃ Reuters: #AI will lead to a reduction in employee hiring over the next five years. According to a survey of executives from 2000 large companies worldwide, about 40% of top managers expect a decrease in staff due to neural networks. ๐Ÿ“‰ 2๏ธโƒฃ Amazon: The platform for creating generative AI applications, #Amazon Bedrock, has added the large language model (LLM) Mistral Large. The company noted that the chatbot is "perfectly suited" for solving complex and specialized tasks such as text or code generation. ๐Ÿ’ฌ 3๏ธโƒฃ ScienceDaily: Engineers from the University of Austin (Texas) have introduced a "brain-computer" interface designed to improve the lives of people with motor impairments. Scientists stated that they have overcome the main obstacle to mass adoption โ€” meticulous customization for each user. ๐Ÿง  4๏ธโƒฃ The Verge: #Microsoft is testing a chatbot for automating Xbox technical support tasks. According to their data, the tech giant is developing an AI model in the form of an animated character. It will assist with support requests and refunds. ๐ŸŽฎ 5๏ธโƒฃ Stable Audio: Stability AI has introduced a new iteration of Stable Audio with an expanded set of features for creating sound clips. The first-generation model can generate audio files up to 90 seconds long. Stable Audio 2.0 creates tracks twice as long and with more user customization options. ๐ŸŽถ ๐Ÿ” Subscribe to stay updated on the latest news in artificial intelligence and technology!
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