📈 Analysis and Prediction (LTC and IMX):

🤧 LTC/USDT - In October, #ltc once again broke the trendline but couldn't sustain the upward momentum. Last week, the asset formed a bearish engulfing candle. Cryptocurrency traders and analysts remain optimistic about LTC's prospects. Forecast: The daily timeframe reflects a bearish outlook for LTC. Despite the asset's rise since August 17, its dynamics have been contained within an ascending parallel channel. Such patterns are often associated with corrective movements, indicating that the price is likely to eventually break below its lower boundary. Supporting this scenario is the fact that on December 9, the coin bounced off the Fibonacci 0.382 correction level and is trading below the channel's midline. The daily RSI also signals bearish tendencies, breaking the upward support line and currently residing below the neutral mark of 50. Both of these indicators suggest a bearish trend. If LTC breaks through, it may drop by 20% to the nearest support level at $58. Conversely, a breakthrough above the channel's upper boundary could trigger a 30% price increase to the Fibonacci 0.618 resistance level at $92.

🐂 IMX/USDT - #immutable has formed ten consecutive bullish weekly candles. The altcoin is trading within the last long-term horizontal range, reaching a new yearly high today at $2.46—the highest price since March 2022. Forecast: IMX's price action on the daily timeframe also exhibits bullish signs. Rapid growth led to a breakthrough of the ascending parallel channel on December 11. A week later, Immutable confirmed the channel's upper boundary as support. However, the altcoin is also trading within the intersection of resistance lines at $2.35, representing the 1.61 external correction level from the previous decline. Additionally, the daily RSI has formed bearish divergence, often leading to significant downward movements. Thus, the further direction of IMX will depend on whether it breaks above $2.35.

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