- Right now, we see the continuation of the earlier bullish consolidation till the firming of the brand new excessive worth of SafeMoon on the 0.00005732 stage.
- The value of Litecoin is in a brand new try to regain the 75.00 stage.
SafeMoon chart evaluation
Right now, we see the continuation of the earlier bullish consolidation till the firming of the brand new excessive worth of SafeMoon on the 0.00005732 stage. There, we encounter resistance and begin a pullback, which lowers the worth to the 0.00005300 stage. After receiving assist at that stage, we see a slight restoration to 0.00005400. That isn’t sufficient, and we will count on one other pullback and testing of decrease assist. Potential decrease targets are the 0.00005200 and 0.00005100 ranges.
We want a constructive consolidation and retracement above the 0.00005500 stage for a bullish choice. Then, we have to maintain there if we need to see a transfer above the 0.00005600 resistance stage. After that, we count on to see stronger bullish momentum and resistance in SafeMoon’s worth. Potential larger targets are the 0.00005700 and 0.00005800 ranges.
Litecoin chart evaluation
The value of Litecoin is in a brand new try to regain the 75.00 stage. Now, let’s flip barely above the 74.00 stage, anticipating to obtain its assist and begin an extra restoration to the 75.00 stage. A break above 75.00 and holding it there would vastly profit additional progress and the formation of a brand new worth excessive. Potential larger targets are 75.50 and 76.00 ranges.
For a bearish choice, we’d like a unfavourable consolidation and a drop beneath the 74.00 stage to begin. After that, we’d look in direction of the 73.00 stage as a possible first assist. A brand new breakout beneath would affirm bearish stress and a continuation of the Litecoin worth decline. Potential decrease targets are 72.50 and 72.00 ranges. Extra assist within the zone round 72.00 is the EMA50 transferring common.
BONUS VIDEO: Weekly information abstract from the markets
