- SafeMoon’s value continues to be low within the help zone.
- The value of Litecoin continues to wrestle across the 65.00 degree.
SafeMoon chart evaluation
SafeMoon’s value continues to be low within the help zone. We nonetheless wrestle to interrupt away from the 0.0001400-0.0001420 help zone. The present optimistic consolidation is pushing us to the 0.0001440 degree, and we might anticipate to see a continuation above the 0.0001460 degree. Potential larger targets are the 0.0001480 and 0.0001500 ranges. Extra resistance within the zone across the 0.0001500 degree is the EMA50 transferring common.
We want a detrimental consolidation and a value drop beneath the 0.0001420 degree for a bearish choice. After that, we’d be again within the help zone and will retest the 0.0001400 degree. Potential decrease targets are the 0.0001380 and 0.0001360 ranges.
Litecoin chart evaluation
The value of Litecoin continues to wrestle across the 65.00 degree. We once more see the start of detrimental consolidation and a pullback to the 64.75 degree. If this consolidation continues, we are able to anticipate to slide beneath the $64.00 degree in a short time. After that, house opens up for us in the direction of 92.00, the earlier help degree.
A break beneath it could imply that we are going to see a continuation of the Litecoin value pullback. Potential decrease targets are 61.00 and 60.00 ranges. We want a optimistic consolidation and a leap to the 66.00 degree for a bullish choice. Then we’d have room to determine a place above the 65.00 degree. With a brand new impulse, we’d begin an extra restoration and development of the value of Litecoin. Potential larger targets are 68.00 and 70.00 ranges. We might discover extra resistance within the EMA50 transferring common across the 69.00 degree.
BONUS VIDEO: Weekly information abstract from the markets
