- The worth of SafeMoon is in a bullish consolidation right this moment, with the formation of a excessive on the 0.0002250 degree.
- Litecoin’s worth returned above the 90.00 degree yesterday.
SafeMoon chart evaluation
The worth of SafeMoon is in a bullish consolidation right this moment, with the formation of a excessive on the 0.0002250 degree. The worth pulled again from that degree to 0.0002150, and we at the moment are in search of help right here to proceed the restoration. Potential larger targets are the 0.0002300 and 0.0002350 ranges.
We want a unfavorable consolidation and pullback beneath the 0.0002100 degree for a bearish possibility. After that, we’d enter the zone of potential help 0.0002000-0.0002050. Relying on the strain at that degree, the worth might break beneath and kind a brand new decrease low.
Litecoin chart evaluation
Litecoin’s worth returned above the 90.00 degree yesterday. At that degree, now we have extra resistance within the EMA50 shifting common, which led to a different pullback and a drop beneath the 90.00 degree. We obtained new help on the 88.00 degree, and for now, we’re holding above that help degree.
With the breakout beneath, we proceed to the bearish aspect and go to the earlier low. Potential decrease targets are 86.00 and 85.00 ranges. We want a constructive consolidation and a transfer above the 91.00 degree for a bullish possibility. Thus, we’d skip the EMA50 and get its help to proceed to the bullish aspect. Potential larger targets are 92.00 and 93.00 ranges.
BONUS VIDEO: Weekly information abstract from the markets
