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The volume of image data produced today is increasing, which makes storing and transferring them a difficult task. There are some fields where loss-less image compression can be valuable because it allows the compression of images without compromising their quality. In this paper, we propose a lossless image compression technique based on linear prediction, integer wavelet transformation (IWT), and Arithmetic coding to improve the compression ratio of lossless images. As compared to state-of-the-art algorithms, the proposed algorithm increases compression ratios by at least 2.553% and up to 32.546%.