SafeMoon and Litecoin: Litecoin is getting closer to 60.00
The price of SafeMoon fell this morning to a new weekly low at the 0.0001380 level. The Litecoin price dropped below the 63.00 level yesterday.SafeMoon Chart Analysis
The price of SafeMoon fell this morning to a new weekly low at the 0.0001380 level. We failed to hold above 0.0001400, and EMA50 moving average and saw a breakout below them. The price gets support at the 0.0001380 level and starts a new recovery. We are again looking at 0.0001400 as potential resistance and need a break above for a more concrete recovery on the bullish side.
Potential higher targets are the 0.0001420 and 0.0001440 levels. We need a negative consolidation and a drop below the previous low for a bearish option. After that, we should see the formation of a new low, and the potential lower targets are the 0.0001360 and 0.0001340 levels.
Litecoin Chart Analysis
The Litecoin price dropped below the 63.00 level yesterday. This led to the continuation of the bearish pullback up to the 60.58 level. We managed to get support at that level and are now back above the $61.00 level. For a bullish option, we need a positive consolidation and a move at least above the 61.50 level. In this way, we would break above the previous bearish consolidation.
With a new impulse, we could start a continuation of the recovery on the bullish side. Potential higher targets are 62.00 and 62.50 levels. We need a negative consolidation and a new drop below the 61.00 level for a bearish option. After that, we would test the previous low and have the opportunity to make a breakout below and a new low. Potential lower targets are 60.00 and 59.50 levels.
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