- The worth of SafeMoon fell beneath stress yesterday to a brand new August low on the 0.00002601 stage.
- The Litecoin value dropped under $50.00 yesterday, forming a brand new low of $49.90.
SafeMoon chart evaluation
The worth of SafeMoon fell beneath stress yesterday to a brand new August low on the 0.00002601 stage. After some consolidation in that zone, we noticed the beginning of a bullish restoration. The worth rose this morning to 0.00003330 ranges. It misplaced momentum there, and a brand new pullback to the 0.00002750 stage adopted. We’re once more making an attempt to remain within the assist zone to show to the bullish facet.
Failure to provoke a restoration will pressure SafeMoon’s value to proceed retreating. Potential decrease targets are the 0.00002600 and 0.00002500 ranges. For a bullish possibility, we want a optimistic consolidation and value development above the 0.00003000 stage. Thus, we return above the weekly open value to the optimistic facet and get the assist of the EMA 50 shifting common. Potential greater targets are the 0.00003100 and 0.00003200 ranges.
Litecoin chart evaluation
The Litecoin value dropped under $50.00 yesterday, forming a brand new low of $49.90. We noticed a break under final yr’s assist zone. This transfer is interpreted negatively for the additional continuation of the worth of Litecoin. We obtained assist yesterday, after which the worth initiated a bullish consolidation. This morning, the worth created a brand new excessive on the $59.00 stage and is now making an attempt to carry above the $58.00 stage.
The EMA 50 shifting common is placing some stress round $59.00, but when the present bullish consolidation continues, we will anticipate additional restoration. Potential greater targets are the $60.00 and $62.00 ranges. For a bearish possibility, we want a detrimental consolidation and pullback to the $56.00 stage. There, we’ll take a look at the each day open value. The momentum under will pressure Litecoin to type a brand new each day low and thus verify the bearish momentum. Potential decrease targets are the $54.00 and $52.00 ranges.
