SafeMoon and Litecoin: Litecoin is holding around 83.00

SafeMoon remains below resistance at the 0.0001830 level. The Litecoin price remained stable above the 83.00 level yesterday.

SafeMoon chart analysis

SafeMoon remains below resistance at the 0.0001830 level. From there, we see a bearish impulse and pullback to the 0.0001780 support level. We are now very close to finding support in the EMA50 moving average at the 0.0001770 level.

For a bullish option, we need a new positive consolidation. After that, we would have to stabilize above the 0.0001800 level and form a new bottom there, from which we will start the continuation of the recovery. Potential higher targets are 0.0001840 and 0.0001860 levels.

We need a negative consolidation and pullback below the EMA50 moving average and the 0.0001760 level for a bearish option. Potential lower targets are the 0.0001740 and 0.0001720 levels.

Litecoin chart analysis

The Litecoin price remained stable above the 83.00 level yesterday. Today, we see a continuation of yesterday’s movement with a small movement to the 83.80 level. If this kind of consolidation continues, we could expect to see reaching the 85.00 level. After that, we need a break above, and thus, we would also get support in the EMA50 moving average for the continued bullish side.

Potential higher targets are 86.00 and 87.00 levels. We need a negative consolidation and pullback below the 83.00 support level for a bearish option. After that, I can expect the prices to start pulling back and break the last week’s support zone. Potential lower targets are 82.00 and 81.00 levels.

 

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