SafeMoon and Litecoin: Litecoin breaks above $63.00
SafeMoon price is pulling back after this morning’s attempt to break the 0.0001330 level. The Litecoin price broke above the $60.00 level yesterday and initiated a bullish consolidation.SafeMoon chart analysis
SafeMoon price is pulling back after this morning’s attempt to break the 0.0001330 level. We are now looking for support at the 0.0001290 level. Today’s bearish pressure could lead to continued pullbacks and testing of previous support levels. Potential lower targets are the 0.0001270 and 0.0001250 levels.
We need a positive consolidation and a new jump to the 0.0001330 level for a bullish option. Then we need a breakthrough below that level and to try to hold above there in order to stabilize there. With a new impulse, we could start a further recovery on the bullish side. Potential higher targets are the 0.0001340 and 0.0001350 levels. The EMa50 moving average awaits us in the zone around 0.0001360 levels.
Litecoin chart analysis
The Litecoin price broke above the $60.00 level yesterday and initiated a bullish consolidation. This morning, we saw the formation of a new high at $63.10, and for now, we have resistance at that level. The price then pulled back to $62.00, where it found new support and turned to the upside again. We are currently at $62.50 and could expect to see a continuation of the bullish consolidation. Potential higher targets are $63.50 and $64.00 levels.
We need a negative consolidation and price pullback below the $62.00 support level for a bearish option. Additional support in that zone is the EMA50 moving average, and with a breakout below, we would confirm the bearish scenario. Potential lower targets are the $61.00 and $60.00 previous support levels.
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