- The worth of SafeMoon has been in a gentle bullish consolidation this week.
- The worth of Litecoin this morning shaped a brand new weekly excessive on the $74.28 stage.
SafeMoon chart evaluation
The worth of SafeMoon has been in a gentle bullish consolidation this week. Nevertheless, we nonetheless have an issue with the 0.00003764 stage, which represents resistance to our restoration. Yesterday and at this time, we tried a number of instances to maneuver above it, however we all the time stopped at that stage and went again. We’ve assist from the EMA 50 and EMA 200 transferring averages, and primarily based on that, we anticipate to see a continuation of the bullish pattern.
Potential increased targets are 0.00003800 and 0.00003850 ranges. For a bearish possibility, we’d like a damaging consolidation and pullback to the 0.00003550 stage. We’ll take a look at the day by day open value and the EMA 50 transferring common there. If that assist doesn’t maintain, SafeMoon might face a deeper pullback. Potential decrease targets are 0.00003500 and 0.00003450 ranges.
Litecoin chart evaluation
The worth of Litecoin this morning shaped a brand new weekly excessive on the $74.28 stage. We didn’t have the power to proceed, and the worth misplaced momentum to proceed on the bullish facet. Quickly after that, a bearish consolidation was initiated and a drop to the $72.30 stage. Right here, we met the EMA 50 transferring common, which is offering value assist for now. The autumn was briefly halted, and Litecoin recovered to $72.75.
If the assist holds, we are able to hope for the initiation of a bullish consolidation. With the return to $73.50, we transfer to the optimistic facet as we’re then above the day by day open value. After that, we are able to anticipate an additional restoration to the bullish facet. Potential increased targets are $74.00 and $74.50 ranges. We had been on the $75.00 stage within the first days of July.
