SafeMoon and Litecoin: Litecoin is still below 90.00The price of SafeMoon continues to struggle with support at the 0.0001700 level. Litecoin price continues to move below the 90.00 level.
SafeMoon chart analysis
The price of SafeMoon continues to struggle with support at the 0.0001700 level. Bearish pressure is noticeable on the chart, and we could expect a continuation of the price pullback to a new lower low. Potential lower targets are the 0.0001650 and 0.0001600 levels.
We need a positive consolidation and a move to the 0.0001750 level for a bullish option. Additional resistance at that level is in the EMA50 moving average, and we need a break above for continued price growth. If we managed to consolidate above it, we would have the opportunity to climb to the next resistance at the 0.0001800 level with a new impulse.
Litecoin chart analysis
Litecoin price continues to move below the 90.00 level. The movement has been in the range of 88.00-90.00 for two days now. We need a new break above 90.00 if we want to see a continued recovery in Litecoin price. Potential higher targets are 91.00 and 92.00 levels. At the 92.00 level, we encounter additional resistance in the EMA50 moving average. For further recovery, we need a break above it.
We need a negative consolidation and price pullback to the 88.00 support level for a bearish option. A break below means further price decline and the formation of a new lower low. Potential lower targets are 87.00 and 86.00 levels.
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