SafeMoon and Litecoin: Litecoin retreats to the 63.00 level

SafeMoon price today continues yesterday’s sideways consolidation above the 0.0001350 level. The price of Litecoin this morning visited the 63.00 level and thus formed the October low.

SafeMoon chart analysis

SafeMoon price today continues yesterday’s sideways consolidation above the 0.0001350 level. Yesterday, we saw several bullish impulses to the 0.0001400 level on several occasions, but we returned to the initial position very quickly. We could expect to see a similar picture on the chart today. We have been in a mild bullish consolidation for two weeks now and could expect to see a continued recovery in SafeMoon’s price. Potential higher targets are 0.0001370 and 0.0001380 levels.

We need a negative consolidation and a break below the 0.0001350 level for a bearish option. After that, the price should test the previous low at the 0.0001340 level. Additional support in that zone is in the EMA50 moving average. Potential lower targets are the 0.0001330 and 0.0001320 levels.

Litecoin chart analysis

The price of Litecoin this morning visited the 63.00 level and thus formed the October low. We received support at that level and started a bullish consolidation, now already at the 64.45 level. It is possible that we will see a continuation of this consolidation to the 65.00 level. In the zone around the 65.50 level, we encounter the EMA50 moving average, and we need a break above it for further recovery. Potential higher targets are 66.00 and 66.50 levels.

We need a negative consolidation and a new pullback to the 63.00 support level for a bearish option. A price break below would indicate the formation of a new low and the continuation of the pullback to the bearish side. Potential lower targets are 62.50 and 62.00 levels.

 

The post SafeMoon and Litecoin: Litecoin retreats to the 63.00 level appeared first on FinanceBrokerage.