- The value of SafeMoon was fairly calm final week, transferring within the 0.00002300-0.00002800 vary
- On Tuesday, the worth of Litecoin rose to $67.81, a brand new weekly excessive
SafeMoon chart evaluation
The value of SafeMoon was fairly calm final week, transferring within the 0.00002300-0.00002800 vary. The value pulled again over the weekend to the decrease help zone. After efficiently testing the help zone, a brand new bullish consolidation was initiated. SafeMoon beneficial properties stronger momentum on Monday and surpasses the EMA 200 transferring common. This morning’s momentum pushed the worth to the 0.00002850 degree.
Potential greater targets are 0.00002900 and 0.00003000 ranges. For a bearish choice, we want a adverse worth consolidation again to the EMA 200 and 0.00002650. Then, the worth must drop under into adverse territory. With that step, the bearish stress will intensify, and we will anticipate to start out an extra retreat. Potential decrease targets are the 0.00002600 and 0.00002500 ranges. At 0.00002500, we’ll check the weekly open degree.
Litecoin chart evaluation
On Tuesday, the worth of Litecoin rose to $67.81, a brand new weekly excessive. After that, the worth retreated barely to $66.50, the place it has new help. We at the moment are at $67.00 and beginning a bullish consolidation. If the momentum holds, we anticipate to see an extra restoration to $67.50. Up there, Litecoin is near testing the earlier excessive and persevering with to a brand new one. Potential greater targets are $68.00 and $68.50 ranges.
For a bearish choice, the worth ought to fall under the $66.50 earlier help. It will kind a brand new each day low and improve bearish momentum. After that, the initiation of bearish consolidation stays to be seen. Potential decrease targets are $66.00 and $65.50 ranges. Further main help could possibly be the EMA 200 transferring common within the $65.75 zone.
[the_ad id=”24160″]
