- The worth of SafeMoon has been in a light bullish consolidation for the reason that begin of this week.
- This morning, the Litecoin worth gained assist on the $72.00 stage, supported by the EMA 200 shifting common.
SafeMoon chart evaluation
The worth of SafeMoon has been in a light bullish consolidation for the reason that begin of this week. This morning, we noticed a break above the EMA 200 shifting common to the 0.00003580 stage. The worth might attempt to maintain above 0.00003550 and the 200 EMA. After that, if it manages to stabilize there, it would have a possibility to provoke a bullish consolidation. A leap above 0.00003650 would kind a brand new excessive for the week. Potential larger targets are 0.00003700 and 0.00003750 ranges.
Conversely, for a bearish possibility, we’d like a SafeMoon pullback under the EMA 200 shifting common. Such a transfer will improve the bearish stress on the worth to return to this week’s assist zone. This may have a unfavourable affect on the worth motion for the remainder of the week, and we might see the formation of a brand new low. Potential decrease targets are the 0.00003400 and 0.00003000 ranges.
Litecoin chart evaluation
This morning, the Litecoin worth gained assist on the $72.00 stage, supported by the EMA 200 shifting common. After that, a bullish consolidation and development to the $73.50 stage was initiated. Now we have some resistance there for now, and we try to consolidate on the $73.00 stage. Potential larger targets are the $74.00 and $74.50 ranges.
It’s essential that Litecoin strikes above $74.00 because it bypasses the weekly open worth. For a bearish possibility, we’d like a unfavourable consolidation and pullback to $72.00 on the EMA 200 shifting common. Elevated stress at that stage might push the worth to a brand new each day low. With that step, we go all the way down to the unfavourable aspect and look in direction of the earlier lows. Potential decrease targets are $71.50 and $71.00 ranges.
