- The worth of SafeMoon fell this morning to a brand new weekly low on the 0.0001375 stage.
- The worth of Litecoin fell beneath the 60.00 stage this morning, forming a one-month low at 59.73.
SafeMoon chart evaluation
The worth of SafeMoon fell this morning to a brand new weekly low on the 0.0001375 stage. At that time, we managed to get help and provoke a consolidation as much as the 0.0001410 stage. Right here, we now encounter resistance within the EMA50 shifting common. We’d like a breakout above for additional continuation of the bullish possibility. Potential greater targets are 0.0001420 and 0.0001430 ranges.
We’d like unfavorable consolidation and pullbacks beneath the 0.0001400 stage for a bearish possibility. Then we might see a go to to the earlier low. An extended keep in that zone might result in a breakout beneath and the formation of a brand new low value. Potential decrease targets are the 0.0001370 and 0.0001360 ranges.
Litecoin chart evaluation
The worth of Litecoin fell beneath the 60.00 stage this morning, forming a one-month low at 59.73. The autumn stopped there, and we noticed a bullish consolidation and restoration to 61.00. Primarily based on the present image, we are able to conclude that we must always see a continuation of Litecoin’s restoration. Potential greater targets are 61.50 and 62.00 ranges.
A further break within the space across the 62.00 stage is the EMA50 shifting common, and we might want a brand new breakout to proceed above. For a bearish possibility, we’d like a unfavorable consolidation and pullback to help on the 60.00 stage. A drop beneath would result in the formation of a brand new decrease low and thus affirm the bearish possibility. Potential decrease targets are 59.50 and 59.00 ranges.
BONUS VIDEO: Weekly information abstract from the markets
