- SafeMoon’s value yesterday shaped a brand new seven-day excessive on the 0.0001470 degree.
- The value of Litecoin shaped a two-week excessive yesterday on the 66.33 degree.
SafeMoon chart evaluation
SafeMoon’s value yesterday shaped a brand new seven-day excessive on the 0.0001470 degree. At that degree, we encounter resistance and begin retreating. We first consolidated across the 0.0001450 degree, then noticed a breakout under and a drop to assist on the 0.0001425 degree. We’re nonetheless below stress on the assist degree, which might result in a breakout under and the formation of right this moment’s new low.
Potential decrease targets are the 0.0001420 and 0.0001410 ranges. Extra value assist may very well be discovered within the EMA50 transferring common within the zone across the 0.0001410 degree. We want a optimistic consolidation and a transfer above the 0.0001440 degree for a bullish choice. Potential increased targets are 0.0001450 and 0.0001460 ranges.
Litecoin chart evaluation
The value of Litecoin shaped a two-week excessive yesterday on the 66.33 degree. We stayed up for a short while as a result of a bearish impulse adopted and a pullback to the $63.50 degree. Then we tried to consolidate in that zone, however a pullback to the 63.00 degree adopted. It nonetheless stays below stress at that degree, and it’s optimistic that on the draw back, we have now assist within the EMA50 transferring common.
A break under would strengthen the bearish choice, which might affect the worth of Litecoin to start out additional weakening. Potential decrease targets are 62.00 and 61.50 ranges. For a bullish choice, we’d like a break above 63.50 once more. Within the extension, we might anticipate to see optimistic consolidation and additional restoration on the bullish facet. Potential increased targets are 64.00 and 65.00 ranges.
BONUS VIDEO: Weekly information abstract from the markets
