📈 Analysis and Prediction (LTC and APE):
💪 LTC/USDT - By November 7, miners' reserves amounted to 2.6 million #ltc - for comparison, at the time of the halving's completion, miners' wallets held 2.55 million coins. Investors often interpret such actions by miners as a bullish signal. Additionally, the number of large LTC transactions in the last 30 days has significantly increased. On November 11, it reached a four-month peak at 3600 transactions. However, bulls will have to overcome resistance from 1.96 million addresses that acquired 11.95 million LTC at an average price of $77.81. If they succeed, the asset is likely to return to the $80 mark.
🚀 APE/USDT - From October 20 to November 10, the open interest in #apecoin decreased by 30%, despite a double-digit price increase, dropping from $55 million to $38 million. After surpassing 4460 transactions on September 27, the indicator significantly declined. As of November 10, only 2020 transactions were registered in the network. Such unimpressive dynamics indicate that the ongoing upward trend of ApeCoin is not accompanied by a comparable organic network growth. The decline in open interest and transactional stagnation may suggest an imminent bearish reversal. The 10,070 addresses that acquired 77.5 million tokens at an average price of $1.17 will provide some support for ApeCoin. However, if the number of transactions in the network continues to fall, #ape holders may incur losses and trigger a correction towards $1.
🔄 Feel free to share your insights and analysis with fellow enthusiasts!