SafeMoon and Litecoin: Litecoin continues towards 68.00
The price of SafeMoon pulled back to support at the 0.0001480 level this morning. The Litecoin price managed to consolidate at the 66.00 level and gain support there.SafeMoon chart analysis
The price of SafeMoon pulled back to support at the 0.0001480 level this morning. Yesterday, we saw a strong bullish impulse that pushed SafeMoon’s price to the 0.0001560 level, followed by a pullback to the previous low. Now, we see a new positive consolidation and price return above the 0.0001500 level. Now, we need to hold on here in order to start further recovery with a new impulse. Potential higher targets at 0.0001575 and 0.0001600 levels.
We need a negative consolidation and a new pullback to the 0.0001450 level for a bearish option. A break below would mean that the price has no strength to recover, and we will see further weakening and decline. Potential lower targets are the 0.0001425 and 0.0001400 levels.
Litecoin chart analysis
The Litecoin price managed to consolidate at the 66.00 level and gain support there. After that, we see a bullish consolidation and a war to the current 67.90 level. We are very close to climbing above 68.00, thereby confirming the bullish trend. Potential higher targets are 70.00 and 72.00 levels.
We need a negative consolidation and price pullback below the 66.00 support level for a bearish option. That way, we would move to the bearish side. We would have additional pressure in the EMA50 moving average. Potential lower targets are 64.00 and 62.00 levels.
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