SafeMoon and Litecoin: Litecoin is holding around 70.00
Early this morning, the price of SafeMoon climbed to a new high at the 0.0001914 level. The Litecoin price managed to hold above the $68.00 level.SafeMoon chart analysis
Early this morning, the price of SafeMoon climbed to a new high at the 0.0001914 level. After that, we see a pullback to support at the 0.0001835 level. We have support there for now, and we need a new positive consolidation in order to move to the bullish side again.
Then, we would have to move above the previous high, which would affect the formation of a new higher high. Potential higher targets are the 0.0001950 and 0.0002000 levels.
We would have to go down to the 0.0001800 support level for a bearish option. Then, we would need a break below it, and that would mean that there is an increase in bearish pressure and a fall in the price of SafeMoon.
Potential lower targets are the 0.0001750 and 0.0001700 levels. The EMA50 moving average is in the zone around 0.0001650 levels.
Litecoin chart analysis
The Litecoin price managed to hold above the $68.00 level. For two days, we had pressure in that zone and the price managed to stay above it. The previous bullish consolidation managed to move Litecoin above the $70.00 level.
Yesterday, we had resistance in that zone, and today, we could see a break above and the formation of today’s new high price. Potential higher targets are $71.00 and $72.00 levels.
For a bearish option, we need a negative consolidation and pullback to support at the $68.00 level. A break below would show that the price has no strength to recover, and we will see a deeper pullback.
Potential lower targets are $67.00 and $66.00 levels. The price would have additional support in the EMA50 moving average in the zone around the $67.00 level.
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