SafeMoon and Litecoin: Litecoin up to $68.80 yesterday
SafeMoon’s price continues last week’s bullish consolidation.
Litecoin jumped to the $68.82 level at the beginning of this week.
SafeMoon chart analysis
SafeMoon’s price continues last week’s bullish consolidation. This week, for now, our resistance is at the 0.0001400 level. The positive for SafeMoon is that we see a higher low forming, and the EMA50 moving average is slowly climbing. We are currently in a bearish consolidation and have pulled back to the 0.0001360 level. If the pressure continues, the price could slip to 0.0001340 and look for support at the EMA50 moving average there. Potential lower targets are the 0.0001320 and 0.0001300 levels.
We need a positive consolidation and a move to the 0.0001380 level for a bullish option. Then, we need to hold on to that in order to form a new bottom from which to start further recovery. Potential higher targets are the 0.0001400 and 0.0001420 levels.
Litecoin chart analysis
Litecoin jumped to the $68.82 level at the beginning of this week. The price encounters resistance there and begins to retreat, and we get support at the $65.15 level. We start a positive consolidation from that level and return to the 67.00 level. Additional support is provided by the EMA50 moving average in the zone around the $65.75 level. In the last few hours, we again saw pressure on the price and a slight bearish consolidation up to $66.20.
We could retest the EMA50 moving average and the $65.75 level. Potential lower targets are $65.50 and $65.00 levels. We need a positive consolidation and a return above the $67.00 level for a bullish option. Then, we need to maintain ourselves above so we can start from there and continue the recovery. Potential higher targets are $67.50 and $68.00 levels.
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