- Yesterday, SafeMoon’s value surged to the 0.00003609 degree
- The Litecoin value stopped final week’s bullish pattern on Sunday on the $68.16 degree
SafeMoon chart evaluation
Yesterday, SafeMoon’s value surged to the 0.00003609 degree, marking a 10-day excessive. Nonetheless, this was short-lived as a pullback to the EMA 200 shifting common shortly adopted. The worth couldn’t maintain this degree both, resulting in a sudden drop to 0.00003020. This morning, SafeMoon tried to take care of a place above 0.00003170 and the 200 EMA. Nonetheless, new bearish impulses led to a different pullback to the 0.00003100 degree, forming the day by day low.
The worth confirms that he doesn’t have the energy to recuperate and must retreat. Potential decrease targets are the 0.00003050 and 0.00003000 ranges. For a bullish choice, we want a constructive consolidation and a return above the 0.00003200 degree. Then, the worth must stabilize there earlier than the restoration continues. Potential larger targets are the 0.00003300 and 0.00003350 ranges.
Litecoin chart evaluation
The Litecoin value stopped final week’s bullish pattern on Sunday on the $68.16 degree. Since then, the motion has been in a sideways consolidation within the $66.00-$67.50 vary. Worth is beneath slight stress because it fails to cope with this consolidation. We are actually testing the decrease zone of this vary, and a break beneath to a brand new low might simply happen. This may affirm the strengthening of the bearish choice.
Potential decrease targets are the $65.00 and $64.00 ranges. We are able to count on further help within the EMA 200 shifting common at $65.00. For a bullish choice, we want a constructive consolidation and a soar above $67.00. With that step, the bullish momentum strengthens, and we might attempt to take a look at the earlier excessive. Potential larger targets are the $69.00 and $70.00 ranges.
