SafeMoon and Litecoin: SafeMoon trying to break 0.00006000
SafeMoon price managed to reach 0.00006000 levels this morning. Litecoin is still in the zone around $80.00, trying to secure a better position to continue to the bullish side.SafeMoon chart analysis
SafeMoon price managed to reach 0.00006000 levels this morning. For now, we have resistance in that zone, and we are gently descending to support at the 0.00005500 level. Here, we come across the EMA50 moving average and hope for its support. We are also testing the weekly open price and must hold above it if we want to see a continuation to the bullish side.
Potential higher targets are 0.00006500 and 0.00007000 levels. In the zone around 0.00007000, we come across the EMA200 moving average, and there, we expect greater resistance to our bullish trend. For a bearish option, we need a pullback below the 0.00005000 level. Below, we enter the critical zone because, below 0.00004500, we are going to a new weekly low. Potential lower targets are 0.00004000 and 0.00003500 levels.
Litecoin chart analysis
Litecoin is still in the zone around $80.00, trying to secure a better position to continue to the bullish side. We are currently at $79.40 and sitting on the EMA50 moving average. This morning, we climbed to $81.00, meeting resistance and now in a pullback. It is possible that we will go lower to form a new bottom. Potential lower targets are the $78.00 and $77.00 levels.
We need a new test of the $81.00 resistance level for a bullish option. Then, with a new impulse, we go up to a new three-day high. With that step, we strengthen the optimism that Litecoin has the strength to start a further recovery. Potential higher targets are $81.50 and $82.00 levels. The EMA200 moving average is up even higher at the $84.50 level.
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