- The SafeMoon worth continues a five-day bullish pattern.
- Final week we noticed an enormous restoration within the worth of Litecoin from 81.77 to 115.00.
SafeMoon chart evaluation
The SafeMoon worth continues a five-day bullish pattern. This morning we noticed the value soar to the 0.0001919 stage. SafeMoon encounters resistance at that stage and makes a pullback to the 0.0001850 help stage. Presently, the decline has been stopped, and we see a slight restoration to the 0.0001860 stage.
For a bullish choice, we’d like a optimistic consolidation and a transfer to the 0.0001900 stage earlier than going greater. Potential greater targets are the 0.0001950 and 0.0002000 ranges. For a bearish choice, we’d like a break beneath the 0.0001850 stage with a watch on the 0.0001800 help stage. Further help at that stage is within the EMA50 transferring common. A break beneath it may decide the bearish pattern of Safemoon’s worth in the long run.
Litecoin chart evaluation
Final week we noticed an enormous restoration within the worth of Litecoin from 81.77 to 115.00. Yesterday, a brand new excessive was fashioned on the 115.00 stage, from which the value began a brand new pullback with the 105.00 help stage. Within the final 24 now, the value has been in a bearish pattern, and if we break the help, we may go to the 100.00 stage. Further help in that zone is the EMA50 transferring common, and it may present us with help and cease additional declines.
We want a optimistic consolidation and a transfer above the 110.00 stage for a bullish choice. Then we have to maintain ourselves up there earlier than going even greater. Potential greater targets are 115.00 and 120.00 ranges. The earlier time we have been within the zone round 120.00 ranges was in April.
BONUS VIDEO: Weekly information abstract from the markets
