SafeMoon and Litecoin: Litecoin remains below 65.00
The price of SafeMoon is in a smaller increase compared to yesterday.
The price of Litecoin fell to the $63.15 level yesterday, forming this week’s low.
SafeMoon chart analysis
The price of SafeMoon is in a smaller increase compared to yesterday. A new high was formed at the 0.0001419 level, but we stayed there for a short time and a quick pullback to the 0.0001370 level followed. We are now hovering around that level in a sideways consolidation. We need a break above the 0.0001380 level to initiate a bullish consolidation. Then, we need to stay above that level in order to start further recovery from that level. Potential higher targets are 0.0001390 and 0.0001400 levels.
We need a negative consolidation and price pullback to the 0.0001350 support level for a bearish option. A break below would form a new lower low; thus, we would confirm the bearish option. Potential lower targets are the 0.0001340 and 0.0001330 levels.
Litecoin chart analysis
The price of Litecoin fell to the $63.15 level yesterday, forming this week’s low. Since then, we have been in bullish consolidation, and today’s high price is the 64.88 level. If this kind of consolidation continues, we could soon climb above the 65.00 level. In the zone above it, we come across the EMA50 moving average. Potential higher targets are 65.50 and 66.00 levels.
We need a negative consolidation and price pullback below the 64.00 level for a bearish option. After that, we enter the previous support zone around the 63.50 level. A break below would indicate a further pullback and the formation of a new low. Potential lower targets are 63.00 and 62.50 levels.
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