- Yesterday’s try by the SafeMoon worth above the 0.00003390 degree failed, as we noticed a break beneath.
- Final night time, the Litecoin worth dropped to the $71.00 degree, testing that weekly open worth.
SafeMoon chart evaluation
Yesterday’s try by the SafeMoon worth above the 0.00003390 degree failed, as we noticed a break beneath. A strong and bearish impulse pushed the worth to a brand new weekly low at 0.00003240. In the present day’s motion continued within the assist zone within the 0.00003240-0.003260 vary. The value is slowly setting as much as fireplace a brand new bullish impulse to the upside. Shifting above 0.00003320, we transfer above the weekly open worth to the constructive facet.
Potential greater targets are 0.00003350 and 0.00003400 ranges. Further resistance within the 0.00003400 zone is on the EMA 200 shifting common. We’d like a destructive consolidation and pullback beneath this morning’s assist zone for a bearish choice. With that step, we transfer to a brand new weekly low and make sure the weak point of the SafeMoon worth. Potential decrease targets are 0.00003200 and 0.00003150 ranges.
Litecoin chart evaluation
Final night time, the Litecoin worth dropped to the $71.00 degree, testing that weekly open worth. Since then, the motion has been within the $71.00-$72.50 vary. The value is on a slight rise, and we count on stabilization above the $72.00 degree. There, we get the assist of the EMA 200 shifting common, and will probably be simpler for us to start out an extra restoration on the bullish facet. Potential greater targets are the $73.00 and $73.50 ranges.
For a bearish choice, Litecoin’s worth must be retested to the weekly open worth and the $71.00 degree. New stress on the earlier assist zone would affect us to see an impulse beneath to a brand new weekly low. This offers us affirmation of bearish momentum for additional worth pullback to the bearish facet. Potential decrease targets are $70.50 and $70.00 ranges.
