Targets and Costs for the Week

• This week’s SafeMoon value motion is going down within the 0.00002800-0.00003800 vary
• The worth of Litecoin rose to $71.54 on Saturday, reaching a brand new September excessive

SafeMoon chart evaluation

This week’s SafeMoon value motion is going down within the 0.00002800-0.00003800 vary. There are not any important modifications in comparison with the earlier week. The EMA 200 shifting common is at 0.00003200 in the midst of this vary. The worth is encountering resistance at 0.00003400 right now and pulling again in direction of 0.00003000. It’s fairly attainable that we’ll pull again to the 0.00002800 stage and take a look at the assist zone.

For a bearish choice, we want a break under and a drop to a brand new weekly low. Potential decrease targets are the 0.00002700 and 0.00002600 ranges. SafeMoon should first retrace above the EMA 200 shifting common and right now’s excessive of 0.00003400 for a bullish choice. With that step, we go to a brand new day by day excessive and strengthen the bullish momentum. Potential larger targets are 0.00003500 and 0.00003600 ranges.

Litecoin chart evaluation

The worth of Litecoin rose to $71.54 on Saturday, reaching a brand new September excessive. After that, we encountered resistance there, and the worth needed to provoke a pullback. By the top of the day, Litecoin fell under the $70.00 stage, and on Sunday, a brand new low was fashioned at $68.50. We received the primary assist there, which began the restoration to $70.50. The brand new resistance in that zone didn’t permit us to proceed on the bullish aspect, and once more, the worth needed to begin retreating.

Instantly at first of Monday, the bearish stress continued, and Litecoin fell under the $67.00 stage. We stopped this morning at $66.30, a brand new weekly low. Potential decrease targets are the $66.00 and $65.50 ranges. For a bullish choice, we want a value retracement above $68.00 and the EMA 200 shifting common. His assist would imply so much for us to return to the bullish aspect. Potential larger targets are the $68.50 and $69.00 ranges.