- Yesterday, we first noticed the SafeMoon value leap to the 0.0001574 stage.
- Yesterday, the value of Litecoin fell to the $61.60 stage, forming a brand new decrease low.
SafeMoon chart evaluation
Yesterday, we first noticed the SafeMoon value leap to the 0.0001574 stage. That’s how we fashioned the brand new two-month excessive value of SafeMoon. We stayed there for a short while as a result of we quickly noticed the pullback all the way down to the 0.0001400 stage this morning. Now, right here we take a look at the help of the EMA50 shifting common, which has been on the bullish aspect for 2 weeks, supporting us in additional restoration.
Now, we’d like one other constructive consolidation with a purpose to transfer to the bullish aspect once more. Potential increased targets are 0.0001440 and 0.0001460 ranges. We’d like a unfavorable consolidation and a drop beneath the EMA50 and 0.0001400 help stage for a bearish choice. Such a transfer would enhance the bearish stress and will set off a continuation of the retreat to decrease ranges. Potential decrease targets are the 0.0001380 and 0.0001360 ranges.
Litecoin chart evaluation
Yesterday, the value of Litecoin fell to the $61.60 stage, forming a brand new decrease low. After that, we see a return to the zone across the $63.00 stage. The value tried to maneuver to the bullish aspect with two impulses, nevertheless it was stopped on the $63.70 stage. Quickly, a brand new bearish consolidation was initiated and a brand new pullback of the Litecoin value to the $93.00 stage. Elevated stress at this stage might result in a breakout beneath and the formation of a brand new at the moment’s low. Potential decrease targets are $62.50 and $62.00 ranges.
We’d like a constructive consolidation and a leap to the $64.00 stage for a bullish choice. Then, it’s mandatory to take care of up there with a purpose to begin an additional bullish consolidation. Potential increased targets are $64.50 and $65.00 ranges. We might have extra stress at $64.50 within the EMA50 shifting common.
BONUS VIDEO: Weekly information abstract from the markets
