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๐Ÿ“ˆ Analysis and Prediction (XRP and LTC): ๐Ÿ‘ 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. ๐Ÿ–– 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. ๐Ÿ”„ Share your insights with others!

๐Ÿ“ˆ Analysis and Prediction (XRP and LTC):

๐Ÿ‘ 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.

๐Ÿ–– 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.

๐Ÿ”„ Share your insights with others!

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๐Ÿ“ˆ Prediction (SOL and LINK): ๐Ÿ–– SOL/USDT - It may seem like things are going well for Solana's project token. Over the past month, SOL's price has twice hit yearly highs. However, from a historical perspective, the altcoin appears undervalued. Despite a high intraday return of over $1.20 million, Solana has failed to demonstrate an increase in its overall value in line with the Price-to-Sales (P/S) Ratio. As a result, the price may face bearish activity as it seems to be moving against the market trend already. Forecast: The price is nearing a breakthrough of the $172 support level, which could confirm the altcoin's "double top" pattern. This bearish technical analysis formation consists of two consecutive peaks at similar price levels, separated by a trough. It implies a potential trend reversal, indicating that the asset's price may decline, failing to break the resistance at the previous peak. Consequently, this often leads to a downward movement. At the moment, the current pattern suggests that the target for #SOL is set at $142. This implies a potential drop of 17.27% from the current price levels at the time of writing. However, if the $172 support level holds, #Solana may invalidate the bearish model and bounce back towards $190. ๐Ÿค” LINK/USDT - Forecast: The price is currently testing local support at $17.85, a bounce from which could propel the altcoin above the $18.73 resistance level. As the aforementioned supply volume enters the profitability zone, #LINK may continue to rise. However, losing the $17.85 support level could trigger a decline to the base at $16.95. This support has been tested multiple times in the past, and its breakthrough will lead to a rejection of the bullish scenario. In this case, the price may drop to $16.00. ๐Ÿ‘‰ Please share the analysis with others.
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๐Ÿ“ˆ Prediction (XRP and MATIC): ๐Ÿ˜ XRP/USDT - The price of #XRP is recovering very slowly. Partly, this is due to the lack of interest from institutional investors: according to the report on fund flows into digital asset funds by CoinShares, in the last week, only $100,000 flowed into Ripple. For comparison, Litecoin, Polkadot, and BNB registered inflows of $4.4 million, $0.6 million, and $0.6 million respectively. Forecast: At the time of writing, XRP is trading above the Fibonacci correction level of 0.382, which coincides with the $0.60 mark. Its loss will lead to a drop to the 0.236 level at $0.55. The Ichimoku Cloud, a technical analysis tool that displays support/resistance levels, trend direction, and momentum, supports the development of such a scenario. Candles below the cloud are a clear bearish signal. However, if the 0.382 level turns into support, #Ripple will have a chance to break the Fibonacci 0.5 level at $0.64, making the bearish thesis invalid. ๐Ÿ“Š MATIC/USDT - Forecast: #MATIC has been in a downtrend for almost a month now. If the altcoin manages to close above this trendline and successfully break it, considering the factors mentioned above, #Polygon can overcome the resistance level of $0.97. This will allow the price to reclaim the $1.00 barrier, ultimately enabling the cryptocurrency to surpass the $1.02 resistance level. Once it's breached, we can talk about a successful breakout from the downtrend. However, if this bullish breakthrough fails, MATIC will fall below support at $0.92 and reach $0.88. Losing this support level will result in abandoning the bullish scenario and the token dropping to $0.81. ๐Ÿ” Please share this review with others.
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