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SafeMoon and Litecoin: Litecoin again below the 90.00

SafeMoon and Litecoin: Litecoin again below the 90.00

SafeMoon’s price continues its sideways consolidation today. This morning, we saw the Litecoin price drop to the $88.00.

SafeMoon chart analysis

SafeMoon’s price continues its sideways consolidation today. Some time ago, we saw a bullish impulse to the 0.0001820 level. After that, a short pullback to support at the 0.0001800 level. And now, here we are, trying to get new support and continue on the bullish side. We have support in the EMA50 moving average, which gives us more confidence in further recovery. Potential higher targets are 0.0001840 and 0.0001860 levels.

We need a negative consolidation and a pullback of the SafeMoon price to the 0.0001740 level for a bearish option. Additional support here is the EMA50 moving average, and we need a break above for a bearish continuation. Potential lower targets are the 0.0001720 and 0.0001700 levels.

Litecoin chart analysis

This morning, we saw the Litecoin price drop to the $88.00. Litecoin manages to find support at that level and moves back up to the $90.00 level. We are currently consolidating in that zone and could expect to see a continuation to the bullish side. Potential higher targets are $91.00 and $92.00 levels. We have additional resistance at the $92.00 level in the EMA50 moving average.

We need a negative consolidation and a new pullback of the Litecoin price to the $88.00 level for a bearish option. Below, the price would be under a lot of pressure, and we could see a breakout below and the formation of a new low. Potential lower targets are $87.00 and $86.00 levels.

The post SafeMoon and Litecoin: Litecoin again below the 90.00 appeared first on FinanceBrokerage.

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