📈 Analysis and Prediction (LTC and ARB):

#ltc - In July, the price reached its annual high of $115, after which it started to decline. The culmination was the formation of a minimum in August at the level of $56. Thus, in 42 days, the token decreased by 50%. As it fell, the cryptocurrency broke through the ascending support line, which had been present on the chart since June 2022. However, the price formed a "double bottom." This pattern is considered bullish, which usually leads to growth. If the upward movement continues, the price may reach the previous ascending support line at $80, which would mean a 22% increase from the current price. Closing below the horizontal support area of $63 in #litecoin would invalidate the bullish "double bottom" pattern. In this case, LTC may drop by 22% towards the support area of $50. 📉💰

#arb - On September 11th, the price of #arbitrum hit an all-time low at $0.75. However, a group of whales with balances ranging from 10 to 100 million tokens actively bought the dip, adding an additional 140 million ARB to their holdings. With the current market price of $0.90, the value of the tokens they acquired amounts to around $126 million. Such intense buying activity from large investors can have a positive impact on the price of ARB. Arbitrum has a good chance of reclaiming the territory of $1.50 in the coming weeks, but to solidify the results, bulls will have to overcome resistance from 56,110 addresses that acquired 1.96 billion tokens at the minimum price of $1.05. The launch of the new social platform Post.Tech can also positively influence the user activity on Arbitrum. 🚀📈

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