- The worth of SafeMoon stays beneath bearish stress immediately.
- Yesterday, we noticed the Litecoin worth drop to a brand new low of $63.13.
SafeMoon chart evaluation
The worth of SafeMoon stays beneath bearish stress immediately. Yesterday’s bullish makes an attempt to carry or transfer above the 0.00004000 stage led to failure. This led to a brand new bearish consolidation and a worth drop to the 0.00003600 stage. Extra bearish stress is created by the EMA200 transferring common. This might result in a breakout under and the formation of a brand new worth low. Potential decrease targets are 0.00003500 and 0.00003400 ranges.
We have to get again above the 0.00003900 stage for a bullish possibility. Then we now have to keep up above that stage. We want a brand new bullish impulse to provoke a bullish consolidation and retest the 0.00004000 stage. A break above would assist us quite a bit to begin an additional restoration. Potential increased targets are the 0.00004100 and 0.00004200 ranges. We now have to pay shut consideration to the 0.00004100 stage as a result of there we encounter the EMA200 transferring common.
Litecoin chart evaluation
Yesterday, we noticed the Litecoin worth drop to a brand new low of $63.13. The decline was stopped there, and Litecoin began to get better from there. We shortly climbed above the $64.00 stage and launched into additional constructive consolidation that continues immediately. Right now’s excessive is at $66.00, and based mostly on the present consolidation, we anticipate a break above and additional progress to the bullish aspect. Potential increased targets are the $67.00 and $68.00 ranges.
The EMA200 transferring common is within the zone round $68.80 ranges. A pullback under the $64.00 assist stage is required for a bearish possibility. A return under will increase the stress on the value to proceed to say no. Potential decrease targets are $63.00 and $62.00 ranges.
