SafeMoon and Litecoin: Litecoin continues to test $90.00
SafeMoon price continues to move sideways in the 0.0001700-0.0001800 range. This morning’s Litecoin price jump was stopped at the 94.60 level.SafeMoon chart analysis
SafeMoon price continues to move sideways in the 0.0001700-0.0001800 range. This morning, we visited the upper level again, and like the previous time at that level, we encountered resistance again. The price returned to 0.0001750 and is now on the EMA50 moving average.
We need a positive consolidation and a break above the 0.0001800 level for a bullish option. Then, we need to keep up there so that we can start the recovery with a new impulse. Potential higher targets are 0.0001850 and 0.0001900 levels.
We need a negative consolidation and a drop below the EMA50 moving average for a bearish option. After that, we can expect a price pullback to the 0.0001700 support level. Potential lower targets are the 0.0001650 and 0.0001600 levels.
Litecoin chart analysis
This morning’s Litecoin price jump was stopped at the 94.60 level. From there, we see a new bearish consolidation and pullback to the 90.70 level. We are now back below the EMA50 moving average, adding pressure to the Litecoin price. We could test $90.00 again soon; a break below is a realistic option. Potential lower targets are 89.00 and 88.00 levels.
We need a positive consolidation and a move above the 92.00 level for a bullish option. After that, we would go back above the EMA50 moving average again. We would get his support, and with a new impulse, we would start further recovery. Potential higher targets are 95.00 and 95.00 levels.
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