- The worth of SafeMoon continues with lateral consolidation within the 0.00002600-0.00002800 vary
- Immediately, the bearish consolidation of the Litecoin worth continued to the $64.24 stage, a brand new weekly low
SafeMoon chart evaluation
The worth of SafeMoon continues with lateral consolidation within the 0.00002600-0.00002800 vary. We’re nonetheless underneath stress from the EMA 200 shifting common and the weekly open stage. The worth wants a powerful bullish impulse to shake up the chart and ship Safemoon to a brand new weekly excessive. Potential greater targets are 0.00003000 and 0.00003200 ranges.
For a bearish possibility, it is very important keep beneath the EMA 200 shifting common. That may add to the bearish momentum and be certain that SafeMoon continues to retreat beneath the 0.00002400 weekly low. With that step, we’ll create a brand new one and ensure that the worth is underneath bearish stress. Potential decrease targets are the 0.00002200 and 0.00002000 ranges. Final week’s low was on the 0.00001266 stage.
Litecoin chart evaluation
Immediately, the bearish consolidation of the Litecoin worth continued to the $64.24 stage, a brand new weekly low. The worth is just not sturdy sufficient to combat and transfer above the EMA 200 shifting common. This led to bearish consolidation and a drop to a brand new low. If we don’t discover help quickly, we’ll see a continuation of the bearish development. Potential decrease targets are $64.00 and $63.50 ranges.
For the bullish possibility, we’d like new help on the present $64.40 stage. This may give Litecoin the chance to provoke a bullish consolidation and try to return above the $65.00 stage. With the retracement above, we can have a possibility for an extra rally to $65.50 and the EMA 200 shifting common. There, we’ll check the EMA 200 and provides its help for a return to the bullish facet. Potential greater targets are $66.00 and $66.50 ranges.
[the_ad id=”24160″]
