SafeMoon and Litecoin: Litecoin remains below the 98.00
SafeMoon’s price is in a slight bullish consolidation from yesterday’s low of 0.0001600. Litecoin price is recovering from yesterday’s pullback to the 92.00 level.SafeMoon chart analysis
SafeMoon’s price is in a slight bullish consolidation from yesterday’s low of 0.0001600. Today’s price high is the 0.0001850 level, and we need a break above for further continuation to the bullish side. Potential higher targets are the 0.0001900 and 0.0001950 levels.
For a bearish option, we need a negative consolidation and price pullback to the 0.0001800 level. Additional support at that level is in the EMA50 moving average. A break below it would increase the bearish pressure, and this would lead to further withdrawal of SafeMoon’s price. Potential lower targets are the 0.0001750 and 0.0001170 levels. In the zone around the 0.0001170 level, SafeMoon could find new support and initiate another bullish consolidation.
Litecoin chart analysis
Litecoin price is recovering from yesterday’s pullback to the 92.00 level. We have resistance to further bullish progress at the 98.00 level and the EMA50 moving average. We need a break above to get support from the EMA50 moving average. If we could do that, Litecoin could continue its recovery. Potential higher targets are 100.00 and 102.00 levels.
For a bearish option, we need a negative consolidation and pullback below the 96.00 level. After that, the price should continue to the bearish side. Potential lower targets are 94.00 and 92.00 levels. A fall below these levels would return us to the June movement zone.
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