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SafeMoon and Litecoin: Litecoin pauses at the 85.00 level

SafeMoon and Litecoin: Litecoin pauses at the 85.00 level

The price of SafeMoon continues its bullish consolidation, climbing to the 0.0001800 level yesterday. The growth of Litecoin was stopped yesterday at the $85.00 level.

SafeMoon chart analysis

The price of SafeMoon continues its bullish consolidation, climbing to the 0.0001800 level yesterday. From that level, we see a bearish consolidation and pullback to support at the 0.0001760 level. We are now managing to hold above that support level and recovering to the 0.0001775 level. We need a continuation of the positive consolidation in order to continue the previous bullish trend. Potential higher targets are the 0.0001800 and 0.0001810 levels.

We need a negative consolidation and pullback to the 0.0001750 level for a bearish option. Thus, we would fall below the EMA50 moving average, which would further strengthen the bearish pressure. Potential lower targets are the 0.0001740 and 0.0001730 levels.

Litecoin chart analysis

The growth of Litecoin was stopped yesterday at the $85.00 level. The price begins to retreat from that level, and the additional resistance at the 85.00 level is the EMA50 moving average. We are now holding at the 83.90 level and expect to see a continuation to the bullish side and a new visit to the previous resistance. A price break above 85.00 would mean a slightly longer recovery and climb to higher levels. Potential higher targets are 86.00 and 87.00 levels.

We need a negative consolidation and pullback to the 83.00 level for a bearish option. Then, we need a breakout below to support the bearish option. Potential lower targets are 82.00 and 81.00 support levels.

The post SafeMoon and Litecoin: Litecoin pauses at the 85.00 level appeared first on FinanceBrokerage.

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