📈 Analysis and Prediction (ETH and LTC):

🚀 ETH/USDT - After being under a descending resistance line for 203 days, #eth finally broke above it and settled above the $1900 mark. Using Elliott Wave Theory, technical analysts study long-term price patterns to determine the direction of the trend. Weekly analysis mostly gives a positive forecast, coinciding with Ethereum's price breakthrough above the 200-day resistance line. It shows that ETH is currently in the third wave of a long-term five-wave uptrend cycle, which started back in June 2022. The progression of sub-waves is highlighted in white, indicating that ETH is in the third sub-wave. Considering that it usually has the highest probability of significant expansion, there is potential for rapid price acceleration. The main resistance on the weekly timeframe is at the $1950 level. If the asset manages to surpass it, #ethereum could soar by 84% and reach the next resistance at $3400.

💪 LTC/USDT - Since the beginning of the second half of 2023, the number of #ltc wallets with a non-zero balance has increased by 44,000, reaching 9.21 million. If the trend continues, high demand might push the price of #litecoin towards the $100 mark in early 2024. On November 4, 49.44% of recently registered addresses conducted transactions, significantly surpassing the 30-day average of 44.26%. The growth in the number of non-zero addresses and active new investors confirms that LTC is experiencing organic network growth. However, for the bulls to succeed, they will have to overcome the resistance from 364,400 addresses that bought 4.53 million LTC at an average price of $75.99. If they liquidate their positions at the breakeven point, the asset could retrace towards the previous support. On the other hand, bears will try to push the Litecoin price below $65. However, the 447,650 wallets that acquired 4.83 million coins at the minimum price of $67 will attempt to keep the token afloat.

What's your opinion on these developments? ✨💭