- SafeMoon worth pulled again to help on the 0.0001280 stage yesterday.
- Litecoin yesterday fell to a brand new seven-day low at $62.57.
SafeMoon chart evaluation
SafeMoon worth pulled again to help on the 0.0001280 stage yesterday. From that stage, we see the initiation of a bullish consolidation that continued in the present day till the 0.0001320 stage. If in the present day’s consolidation continues, we might quickly take a look at yesterday’s excessive at 0.0001335. The worth additionally has help within the EMA50 shifting common, which additional instils confidence in additional restoration. Potential increased targets are 0.0001340 and 0.0001350 ranges.
We want a damaging consolidation and worth pullback beneath the EMA50 and 0.0001310 ranges for a bearish choice. After that, we might count on to see an additional pullback and a go to to decrease help ranges. Potential decrease targets are 0.0001300 and 0.0001290 ranges.
Litecoin chart evaluation
Litecoin yesterday fell to a brand new seven-day low at $62.57. Fortuitously, it rapidly consolidated and climbed above the $63.50 stage. After that, we see additional constructive consolidation with the formation of a excessive on the $65.00 stage. At this time, we tried once more to interrupt that stage, however every thing was unsuccessful, and Litecoin retreated to help on the $64.25 stage.
The present stress is in that zone, and a breakout beneath and a drop to the $64.00 stage might happen. Then, we are able to count on the value to revisit earlier decrease help ranges. Potential decrease targets are $63.50 and $63.00 ranges.
We want a constructive consolidation and a brand new take a look at of the $65.00 resistance stage for a bullish choice. A break above would point out additional progress to the bullish facet. Potential increased targets are $65.50 and $66.00 ranges.
BONUS VIDEO: Weekly information abstract from the markets
