- Over the weekend, the SafeMoon value managed to bounce again above the EMA 200 transferring common
- The seven-day bullish development of the worth of Litecoin was stopped yesterday on the $69.33 degree
SafeMoon chart evaluation
Over the weekend, the SafeMoon value managed to bounce again above the EMA 200 transferring common. After the weekend, lateral consolidation within the 0.00003000-0.00003400 vary. On Monday, we noticed a breakout above and the formation of a brand new weekly excessive on the 0.00003890 degree. Quickly after, SafeMoon started to lose energy, inflicting a pullback to help at 0.00003200.
The value will get new help there, and with the EMA 50 transferring common, we climbed once more to 0.00003600. SafeMoon must proceed its bullish consolidation to proceed on the bullish aspect. For a bearish possibility, we’d like a damaging consolidation all the way down to the 0.00003000 degree. With that step, the worth strikes to the bearish aspect, and we will probably be pressured to search for a brand new weekly low. Potential decrease targets are the 0.00002800 and 0.00002600 ranges.
Litecoin chart evaluation
The seven-day bullish development of the worth of Litecoin was stopped yesterday on the $69.33 degree. Shortly after the formation of a brand new excessive, the worth started to retreat. We managed to get the primary help at $67.00, nevertheless it was short-lived, as we noticed a break beneath this morning. Litecoin fell to a weekly low on the $66.00 degree. For now, it’s holding above, recovering to the $66.70 degree.
The value has a chance to return to the bullish aspect above $67.00 and the EMA 50 transferring common. Potential increased targets are the $67.50 and $68.00 ranges. For a bearish possibility, we’d like a damaging consolidation and a drop in Litecoin’s value beneath $66.00. After that, we anticipate to check the EMA 200 transferring common. Potential decrease targets are the $65.50 and $65.00 ranges.
