- Over the weekend, the worth of SafeMoon retreated from 0.00003300 to 0.00002850.
- The Litecoin worth dropped to $56.76 on Friday.
SafeMoon chart evaluation
Over the weekend, the worth of SafeMoon retreated from 0.00003300 to 0.00002850. After the formation of this low, the worth stabilized in that zone and initiated a bullish consolidation. Monday was fairly quiet, and the motion is going down in a slender vary of 0.00002900-0.00003000. Initially of Tuesday, the bullish momentum started to strengthen. We instantly noticed an impulse to the 0.00003484 degree.
After that, the worth strikes again all the way down to provoke a secure bullish consolidation. That occurred, and SafeMoon is now on the 0.00003318 degree. On a constructive notice, now we have crossed the EMA 200 shifting common and have its help to proceed to the bullish facet. Potential increased targets are 0.00003400 and 0.00003500 ranges. We’d like a destructive consolidation and a break beneath the EMA 200 and 0.00003100 for a bearish possibility. This tells us that now we have misplaced the bullish momentum and {that a} pullback to the bearish facet will comply with. Potential decrease targets are the 0.00002900 and 0.00002800 ranges.
Litecoin chart evaluation
The Litecoin worth dropped to $56.76 on Friday. With this drop, we’re all the way down to the November 2022 Litecoin worth. After a brief consolidation, the worth managed to stabilize and begin a restoration. On Saturday, a brand new excessive was shaped on the $65.50 degree. On Sunday, new volatility takes us again beneath the $60.00 degree. The worth is beginning a brand new bullish restoration after forming a brand new low at $59.24 on Monday.
We managed to interrupt above the weekend excessive and type a brand new one on the $67.10 degree. At this time’s motion is sort of secure within the $64.00-$66.00 vary. A slight bullish consolidation means that we’re slowly recovering. Potential increased targets are $66.00 and $68.00 ranges. We may have extra resistance within the EMA 200 shifting common within the $67.00 zone.
