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SafeMoon and Litecoin: Litecoin climbed to the 70.00 level

SafeMoon and Litecoin: Litecoin climbed to the 70.00 level

SafeMoon price continues its sideways consolidation. The price of Litecoin made a jump yesterday to the 70.00 level.

SafeMoon chart analysis

SafeMoon price continues its sideways consolidation. Yesterday, everything was calm on the chart, and there was no bullish impulse like on Bitcoin and Ethereum. We can say that we only tested 0.0001500 levels, and after that, we are back to the starting position. In continuation, the price retreated again to support at the 0.0001440 level.

There, we get a new surface and start a new bullish consolidation. Now, we expect the price to visit the following levels: 0.0001480 and 0.0001500. A break above could extend the bullish trend, and potential higher targets are the 0.0001520 and 0.0001540 levels.

We need a negative consolidation and a new support tee at the 0.0001440 level for a bearish option. A break below this support would confirm bearish pressure on the price. Potential lower targets are the 0.0001420 and 0.0001400 levels.

Litecoin chart analysis

The price of Litecoin made a jump yesterday to the 70.00 level. We formed a 10-day high, and from there, the price started a pullback to the 67.00 level. Bearish consolidation has slowed down at that level, and we could expect to move to the bullish side again. We need to get back above the 68.00 level and thus start the recovery to the 70.00 level again. Potential higher targets are 71.00 and 72.00 levels.

We need a negative consolidation up to the 66.00 level for a bearish option. Additional support in that zone is the EMA50 moving average. A break below would suggest that we would see a continuation of the pullback and testing of lower support levels. Potential lower targets are 65.00 and 64.00 levels.

The post SafeMoon and Litecoin: Litecoin climbed to the 70.00 level appeared first on FinanceBrokerage.

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