- SafeMoon’s worth stays below strain from the EMA50 transferring common.
- As we speak, we see the restoration of LItecoin from 89.30 to 94.00 degree.
SafeMoon chart evaluation
SafeMoon’s worth stays below strain from the EMA50 transferring common. This results in the continuation of the bearish pattern and the formation of a brand new low. This morning, we retested the 0.0001760 assist degree. After that, we see a restoration to the 0.0001800 degree, the place we encounter new resistance and begin one other pullback.
We’d like a damaging consolidation and a drop to the earlier assist zone for a bearish choice. A break beneath would imply the worth continues to slip and can doubtless go to new decrease ranges. Potential decrease targets are the 0.0001740 and 0.0001720 ranges.
We’d like a constructive consolidation and a return to the zone across the 0.0001800 degree for a bullish choice. Then, we want a break above to interrupt the EMA50 transferring common. After that, we might anticipate to see continued worth restoration. Potential greater targets are the 0.0001820 and 0.0001840 ranges.
Litecoin chart evaluation
As we speak, we see the restoration of LItecoin from 89.30 to 94.00 degree. That is at present’s excessive, and the worth has retreated to the 92.00 assist degree. Within the earlier two hours, we see a constructive consolidation and restoration to 93.00. If this consolidation continues, we might retest 94.00 and probably make the worth break above.
Within the zone across the 95.00 degree, we encounter the EMA50 transferring common, and to proceed to the bullish facet, we have to transfer above it. Potential greater targets are 96.00 and 97.00 ranges. We’d like a damaging consolidation and worth decline to the 90.00 assist degree for a bearish choice. A break beneath would add strain on the worth, negatively affecting and even decreasing it. Potential decrease targets are 89.00 and 88.00 ranges.
BONUS VIDEO: Weekly information abstract from the markets
