- SafeMoon’s worth has been in a gentle bullish consolidation since Monday morning.
- Litecon worth continues to be beneath strain from the EMA200 transferring common.
SafeMoon chart evaluation
SafeMoon’s worth has been in a gentle bullish consolidation since Monday morning. This morning, we noticed a few impulses to the 0.00004600 stage. Low moved from 0.00004215 to 0.00004330 this morning. All we’ve to do is leap over the EMA200 transferring common with bullish consolidation and begin a extra particular restoration. Potential increased targets are the 0.00004600 and 0.00004700 ranges.
We’d like a destructive consolidation and pullback beneath the 0.00004300 assist stage for a bearish possibility. Falling beneath this assist would drive the value to check this week’s low on the 0.00004215 stage. The brand new strain might negatively impression and result in the 0.00004100 and 0.00004000 ranges.
Litecoin chart evaluation
Litecon worth continues to be beneath strain from the EMA200 transferring common. Yesterday, we noticed a bearish impulse to the 68.25 stage. After that, we returned to the zone across the EMA and continued with the earlier bearish consolidation. The shortcoming to get again above 70.00 pushes the value decrease, forcing it to search for assist at decrease ranges. Potential decrease targets are 68.00 and 67.00 ranges.
We’d like a break above the EMA200 and the 70.00 stage for a bullish possibility. Then, we’ve to carry above there to be able to begin the continuation to the bullish facet with a brand new constructive consolidation. We might obtain the assist of the EMA200 transferring common, which might strengthen optimism for additional restoration. Potential increased targets are 71.00 and 72.00 ranges.
