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SafeMoon and Litecoin: Safemoon is testing 0.0002000 level

SafeMoon and Litecoin: Safemoon is testing 0.0002000 level

The price of SafeMoon continues to press the 0.0002000 support level. Litecoin price continues to bearish pullback to the 87.00 support level.

SafeMoon chart analysis

The price of SafeMoon continues to press the 0.0002000 support level. Chances are high that we will soon see a breakout below and the formation of a new June low. Potential lower targets are the 0.0001950 and 0.0001900 levels. We need a price rise above the 0.0002100 level for a bullish option.

Then we need to stay there before moving on to continue recovery. We would have a possible resistance in the EMA50 moving average around the 0.0002150 level. Potential higher targets are 0.0002200 and 0.0002300 levels.

Litecoin chart analysis

Litecoin price continues to bearish pullback to the 87.00 support level. The price manages to reflect above that level and rises to the 88.30 level. We are on the second day of this bearish consolidation and need a jump to 90.00 if we want to see a price recovery.

At that point, we would get support in the EMA50 moving average to continue to the bullish side. Potential higher targets are 91.00 and 92.00 levels. The bigger picture tells us that we are still in a larger lateral channel, price range of 82.00-96.00.

The post SafeMoon and Litecoin: Safemoon is testing 0.0002000 level appeared first on FinanceBrokerage.

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