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šŸ“ˆ Analysis and Prediction (XRP and LTC): šŸ‘ XRP/USDT - On October 19, XRP broke the descending trend resistance line. At the time of the breakthrough, its age was 98 days. After the bullish breakthrough on November 13, the price bounced off the Fibonacci 0.618 correction resistance level. This led to the formation of a long upper wick and confirmed the $0.74 area as resistance. After the bounce, the #xrp price dropped. The daily RSI also gives mixed signals. Although the indicator is decreasing, it is still slightly above the 50 mark. Additionally, it is approaching the bullish divergence trend line that preceded the start of the overall upward phase. Thus, the further trend may depend on whether the RSI can rebound from the 50 level. A successful RSI rebound along with a Ripple rebound around the $0.60 support level could lead to a price increase and a breakthrough of the Fibonacci 0.618 resistance. Ultimately, the token could strengthen by 50% to the next resistance at $0.94. Despite the bullish forecast, XRP closing below the horizontal support area of $0.60 could lead to a 25% decline to the next nearest support level at $0.50. šŸ–– LTC/USDT - The daily #ltc chart confirms the potential for a long-term breakthrough. There are several reasons for this. Firstly, the price broke the short-term descending resistance line and recovered above the horizontal area of $70, which previously acted as resistance. Secondly, the daily RSI formed hidden bullish divergence. Such divergence is a sign of trend continuation and confirms the bullish breakthrough. If Litecoin continues to rise, it may strengthen by another 30% and reach the Fibonacci 0.618 level at $0.93. Despite the bullish forecast, LTC closing below the horizontal support area of $70 could trigger a 17% drop to the nearest support level at $60. šŸ”„ Share your insights with others!

šŸ“ˆ Analysis and Prediction (XRP and LTC):

šŸ‘ XRP/USDT - On October 19, XRP broke the descending trend resistance line. At the time of the breakthrough, its age was 98 days. After the bullish breakthrough on November 13, the price bounced off the Fibonacci 0.618 correction resistance level. This led to the formation of a long upper wick and confirmed the $0.74 area as resistance. After the bounce, the #xrp price dropped. The daily RSI also gives mixed signals. Although the indicator is decreasing, it is still slightly above the 50 mark. Additionally, it is approaching the bullish divergence trend line that preceded the start of the overall upward phase. Thus, the further trend may depend on whether the RSI can rebound from the 50 level. A successful RSI rebound along with a Ripple rebound around the $0.60 support level could lead to a price increase and a breakthrough of the Fibonacci 0.618 resistance. Ultimately, the token could strengthen by 50% to the next resistance at $0.94. Despite the bullish forecast, XRP closing below the horizontal support area of $0.60 could lead to a 25% decline to the next nearest support level at $0.50.

šŸ–– LTC/USDT - The daily #ltc chart confirms the potential for a long-term breakthrough. There are several reasons for this. Firstly, the price broke the short-term descending resistance line and recovered above the horizontal area of $70, which previously acted as resistance. Secondly, the daily RSI formed hidden bullish divergence. Such divergence is a sign of trend continuation and confirms the bullish breakthrough. If Litecoin continues to rise, it may strengthen by another 30% and reach the Fibonacci 0.618 level at $0.93. Despite the bullish forecast, LTC closing below the horizontal support area of $70 could trigger a 17% drop to the nearest support level at $60.

šŸ”„ Share your insights with others!

Disclaimer: Includes third-party opinions. No financial advice.Ā See T&Cs.
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šŸ“ˆ Prediction (ETH and FET): šŸ˜€ ETH/USDT - According to data from the Glassnode analytical platform, the inflow of #ETH to exchanges has significantly slowed down over the last 24 hours. This usually leads to a rebound, so the asset has a chance to at least partially recover from the losses incurred this week. Forecast: At the time of writing, #Ethereum is trading at $2,945 and bouncing off the lower boundary of the descending wedge. The asset has been in this pattern for the past two months, and a drop below $3,000 would only confirm the bullish reversal pattern. The likely move from here would be an impulse towards breaking the upper trendline. If successful, ETH could rise to $4,000. On the other hand, a rise in bearish sentiment among investors could threaten the rally potential. Failure to hold the $3,000 level could lead to a collapse to $2,800, invalidating the bullish thesis and sending the altcoin to $2,740. šŸ“Š FET/USDT - Currently, #FET is experiencing a surge in investor interest: evidenced by the increase in the number of active addresses over the past 48 hours. The total number of wallets transacting on the network has increased by 93% ā€” from 1,152 to 2,152. The growth in active addresses, coupled with a decrease in price, is usually considered a buy signal. Forecast: At the time of writing, FET is trading just below the $1.96 support. This level has been tested several times in the past and has not yet been breached. A bounce from it would mark the beginning of a potential rally towards the $2.46 mark, which the asset failed to overcome during the last uptrend. Losing the $1.96 support level could nullify the bullish scenario and trigger a price drop for Fetch.ai to $1.71. šŸ‘ Share this analysis with others!
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