- The value of SafeMoon continued the earlier lateral consolidation in the beginning of this week.
- Over the weekend, the worth of Litecoin hovered within the $70.00-$72.00 vary.
SafeMoon chart evaluation
The value of SafeMoon continued the earlier lateral consolidation in the beginning of this week. Yesterday, we noticed an impulse to the 0.00003548 stage, the place the weekly excessive was shaped. After that, the worth loses momentum and initiates a bearish consolidation to help on the 0.00003390 stage. Right this moment’s motion is sort of calm and takes place within the 0.00003390-0.00003430 vary. We want momentum above 0.00003440 to maneuver above the EMA 200 shifting common.
If we succeed on this, we are able to hope for a bullish impulse and additional development within the value of SafeMoon. Potential larger targets are 0.00003500 and 0.00003550 ranges. With a break beneath this morning’s help, the worth would kind a brand new every day low, thereby confirming the strain on the chart. After that, we anticipate an extra pullback and a go to to decrease ranges. Potential decrease targets are 0.00003300 and 0.00003250 ranges.
Litecoin chart evaluation
Over the weekend, the worth of Litecoin hovered within the $70.00-$72.00 vary. With the beginning of this week, the worth features momentum and begins a bullish consolidation to the $76.76 stage on Monday, forming a brand new weekly excessive. We held up for a short while as a result of the worth didn’t have the power to proceed. A bearish consolidation and pullback to the $73.50 stage has been initiated. We encountered the EMA 50 shifting common in that zone, which stopped additional retreat.
Litecoin is now attempting to consolidate and provoke a brand new bullish consolidation. If it fails, it must pull again beneath the EMA 50 and search for new help. Potential decrease targets are $72.00 and $71.00 ranges. If it stabilizes above the $74.00 stage, the worth can have a chance to proceed above the $75.00 stage. Potential larger targets are $76.00 and $77.00 ranges.
