- The gentle bearish consolidation of SafeMoon’s worth continued at present.
- The worth of Litecoin continues the bearish consolidation from the start of the week, retreating to the 70.11 degree.
SafeMoon chart evaluation
The gentle bearish consolidation of SafeMoon’s worth continued at present. This morning’s low was on the 0.00006300 degree, the place we’re getting assist. After that, we noticed a bullish consolidation to resistance on the 0.00007000 degree. New resistance is triggering a worth pullback from there, and it’s now on its technique to this morning’s assist. A break under would result in the formation of a brand new low, and thus, we’d obtain a affirmation of the bearish continuation and fall within the worth of SafeMoon.
The following necessary degree is 0.00006000 and extra assist within the EMA50 transferring common. Potential decrease targets are the 0.00005800 and 0.00005600 ranges. We have to get again above the 0.00007000 degree for a bullish choice. Then, we have to maintain round and type a brand new backside there. The following optimistic consolidation would set off the continuation of the restoration and climb to increased ranges. Potential increased targets are the 0.00007200 and 0.00004700 ranges.
Litecoin chart evaluation
The worth of Litecoin continues the bearish consolidation from the start of the week, retreating to the 70.11 degree. Clearly, the 70.00 degree will present some assist, or we’ll consolidate round it earlier than we see a concrete transfer up or down. After this morning’s assist, the worth recovered to 71.50, assembly resistance. The shortcoming to proceed up, would result in bearish consolidation and withdrawal with a goal to a brand new low.
Potential decrease targets are 69.50 and 69.00 ranges. We have to get again above the 72.00 degree for a bullish choice. Then, maintain above and type a brand new backside there. After that, we count on to see an impulse that might set off a Litecoin worth restoration. Potential increased targets are 73.00 and 74.00 ranges.
BONUS VIDEO: Weekly information abstract from the markets
