- Final Thursday, the worth of SafeMoon fell to its all-time low on the 0.0000400 stage.
- This week’s Litecoin worth excessive is the 75.00 stage.
SafeMoon chart evaluation
Final Thursday, the worth of SafeMoon fell to its all-time low on the 0.0000400 stage. After that, we managed to get assist, and for the fifth day in a row, we’re shifting within the 0.0000450-0.0000600 vary.
Within the final couple of hours, we now have seen a bullish consolidation from the assist zone, and now we’re on the 0.0000530 stage. We want a continuation of this consolidation to get again up close to the 0.0000600 stage.
A maintain round that stage may produce a breakout above and kind a brand new excessive for the week. Potential larger targets are 0.0000650 and 0.0000700 ranges. For a bearish choice, we want a destructive consolidation and a drop beneath the 0.0000450 assist stage.
After that, we are able to check the 0.0000400 stage once more. Potential decrease targets are 0.0000350 and 0.0000300 ranges.
Litecoin chart evaluation
This week’s Litecoin worth excessive is the 75.00 stage. Through the earlier weekend, we had a bullish impulse as much as 75.88 ranges, however actually within the subsequent minute, the worth dropped to 70.00 ranges. After that, we began a bullish consolidation that took us as much as 75.00 ranges yesterday. We cease there, encounter resistance and begin a pullback to assist on the 72.60 stage.
We managed to get assist at that stage and get better this time solely as much as 74.50 stage. A brand new resistance awaited us in that zone, and we’re beginning one other pullback, however now with a brand new low on the 72.35 stage. This tells us that the worth is below strain and that we proceed to drag again.
Potential decrease targets are 72.00 and 71.50 ranges. The EMA50 shifting common is within the zone round 70.50-71.00, and there, we must always count on better assist and cease additional decline.
BONUS VIDEO: Weekly information abstract from the markets
