SafeMoon and Litecoin: SafeMoon rose to 0.0000570 last night

SafeMoon chart analysis

Yesterday’s bullish consolidation pushed the price of SafeMoon to the 0.00005700 level. With that jump, we returned to the levels of December 2023. The jump stops there, and the price returns to the 0.00003830 level. We now stand above the EMA200 moving average, reinforcing the optimism that SafeMoon has the strength to make a new concrete bullish breakthrough.

The current price is 0.00004400, and we would need to move above 0.00004600 and hold above that level to have a chance to continue to the bullish side. Potential higher targets are the 0.00004800 and 0.00005000 levels. We need a pullback to the EMA200 and the 0.00003800 levels for a bearish option. By breaking below this support, we return to the bearish side with the potential formation of a new price low. For now, we are on the bullish side.

Litecoin chart analysis

Over the weekend, the price of Litecoin rose to the $94.88 level. At that place, we formed a new high for this year so far. After that, we saw a bearish impulse to the $85.00 level. With the new support, the price starts a recovery and stabilizes above the $90.00 level. This week, the price is under slight pressure and only managed to reach the $92.70 level. This morning, we saw a new bearish impulse to $85.00, which hints at a potential bearish trend.

We are currently at $90.00 and trying to hold above to initiate a positive consolidation. By jumping to the $92.00 level, we would initiate the first step towards further recovery. Then, we also need to maintain ourselves above that level. After that, we are ready to proceed to the bullish side. Potential higher targets are $93.00 and $94.00 levels.

The post SafeMoon and Litecoin: SafeMoon rose to 0.0000570 last night appeared first on FinanceBrokerage.