- We’re at present seeing the formation of a brand new excessive worth of SafeMoon on the 0.0002075 stage.
- Litecoin worth is in retreat in comparison with yesterday. Yesterday, we fashioned a excessive on the 70.50 stage, the place we encountered resistance.
SafeMoon chart evaluation
We’re at present seeing the formation of a brand new excessive worth of SafeMoon on the 0.0002075 stage. The value continues the earlier bullish consolidation, climbing to a three-month excessive. Now, we’re experiencing a stall at that stage and a pullback to the 0.0002050 stage.
We may even see a drop to the 0.0002000 stage, as we might anticipate extra concrete assist there. At that stage, we might kind a brand new backside from which we begin the continuation of the restoration.
Potential increased targets are the 0.0002100 and 0.0002150 ranges. For a bearish possibility, we want a unfavourable consolidation and a drop beneath the 0.0002000 assist stage. A pullback beneath would result in the formation of a brand new each day low, which might provoke a continuation to the bearish facet. Potential decrease targets are the 0.0001950 and 0.0001900 ranges.
Litecoin chart evaluation
Litecoin worth is in retreat in comparison with yesterday. Yesterday, we fashioned a excessive on the 70.50 stage, the place we encountered resistance. After that, we noticed a bearish consolidation and pullback at present to the 67.10 stage. Extra strain on this zone creates the EMA50 transferring common.
If we get its assist, we anticipate to see a bullish consolidation and a return above the 69.00 stage. Then we must keep up there and kind a backside there from which we might begin additional restoration.
Potential increased targets are 70.00 and 70.50 ranges. For a bearish possibility, we want a unfavourable consolidation and a drop in Litecoin worth beneath the 67.00 stage. This could kind a brand new low, and we might obtain affirmation of the bearish possibility. Potential decrease targets are 66.50 and 66.00 ranges.
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