- This morning, we noticed the SafeMoon value soar to the 0.00005500 degree.
- Yesterday’s bullish consolidation pushed the worth of Litecoin again above the 70.00 degree.
SafeMoon chart evaluation
This morning, we noticed the SafeMoon value soar to the 0.00005500 degree. Thus, we managed to interrupt above the EMA50 transferring common for the second time this week. The enjoyment was short-lived, and we noticed one other pullback to the 0.00005000 assist degree. We managed to get assist in that zone, and now we anticipate to see a brand new bullish consolidation and testing of the EMA50 transferring common and 0.00005200 degree.
Potential greater targets are 0.00005300 and 0.00005400 ranges. We’d like a unfavourable consolidation and pullback under the assist on the 0.00005000 degree for a bearish choice. After that, the worth has the chance to kind a low and thereby affirm the bearish stress on the chart. Potential decrease targets are the 0.00004900 and 0.0000480 ranges.
Litecoin chart evaluation
Yesterday’s bullish consolidation pushed the worth of Litecoin again above the 70.00 degree. This morning, a excessive value was fashioned on the 70.60 degree, and there, we encountered resistance that didn’t permit us to proceed on the bullish aspect. New stress on the worth creates a pullback to the 69.50 degree, bringing the worth again under 70.00 and the EMA50 transferring common.
For a bullish choice, we’d like a brand new constructive consolidation and a soar to 71.00 with a view to kind a brand new excessive value. Potential greater targets are 71.50 and 72.00 ranges. We’d like a unfavourable consolidation and a value breakout under the 69.00 degree for a bearish choice. Dropping under exhibits us that the worth has no power for additional restoration and {that a} pullback is inevitable. Potential decrease targets are 68.50 and 68.00 ranges.
BONUS VIDEO: Weekly information abstract from the markets
