SafeMoon and Litecoin: Litecoin struggles above $66.00
SafeMoon’s price continues to pull back this week, forming a low at the 0.0001402 level. The price of Litecoin continues with bullish consolidation from the $60.70 level.SafeMoon chart analysis
SafeMoon’s price continues to pull back this week, forming a low at the 0.0001402 level. The bearish picture is still on the chart, and we could expect to see a continuation to the bearish side. We need a new pullback to the previous low, and after that, we could expect increased pressure at that level. This could lead to a breakout below and the formation of a new low. Potential lower targets are the 0.0001350 and 0.0001300 levels.
We need a positive consolidation and price jump to the 0.0001500 level for a bullish option. Then, we need to break above and try to stay above. Potential higher targets are 0.0001550 and 0.0001600 levels.
Litecoin chart analysis
The price of Litecoin continues with bullish consolidation from the $60.70 level. This morning, we saw the price rise to the $67.40 level, and that’s where we formed this week’s high. From that level, the price begins to pull back to support at the $64.40 level. Once again, we are moving into a new bullish consolidation and expect to see a continuation to the bullish side.
Potential higher targets are $68.00 and $70.00 levels. We have additional pressure on Litecoin in the EMA50 moving average in the zone around the $70.00 level. We need a negative consolidation and a pullback below the $65.00 level for a bearish option. By falling below this level, we would have the opportunity to slide down to the $62.00 level.
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