SafeMoon and Litecoin: Litecoin still around 65.00 level

SafeMoon chart analysis

SafeMoon continues with bearish consolidation and pressure at the 0.0001400 level. We are currently at the 0.0001450 level and are trying to break out and start a bullish consolidation. First, we need to move to the 0.0001500 level. This would allow us to move below the EMA50 moving average and gain its support. Potential higher targets are the 0.0001520 and 0.0001540 levels.

We need a negative consolidation and pullback to support a bearish option at the 0.0001400 level. A break below leads to the formation of a new low and thus confirms the bearish trend. Potential lower targets are the 0.0001380 and 0.0001360 levels.

Litecoin chart analysis

Litecoin price continues with sideways movement around the 65.00 level. We are currently in a mild bearish trend, and we could expect the price to slide down to 64.00. A break below this level would mean that the price is under pressure, and the bearish pressure on Litecoin is intensifying. Potential lower targets are 63.00 and 62.00 levels.

We need a positive consolidation and a move to the 66.00 level for a bullish option. A break above that level was the first sign of Litecoin price strengthening and a potential continuation to the bullish side. We would get additional support in the EMA50 moving average, which would have a positive effect on the further continuation of the recovery. Potential higher targets are 67.00 and 68.00 levels.

The post SafeMoon and Litecoin: Litecoin still around 65.00 level appeared first on FinanceBrokerage.