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SafeMoon and Litecoin: Safemoon is holding above 0.0001850

SafeMoon and Litecoin: Safemoon is holding above 0.0001850

SafeMoon’s price was in a pullback yesterday afternoon to the 0.0001700 support level. Litecoin’s price is struggling to stay above the $68.00 level.

SafeMoon chart analysis

SafeMoon’s price was in a pullback yesterday afternoon to the 0.0001700 support level. At that level, we get support, and we start with a bullish consolidation that raises the price to the 0.0001850 level. The current bullish impulse could push us to test the previous high at the 0.0001865 level. A breakthrough above would be of great importance for further recovery and the formation of a new high price. Potential higher targets are the 0.0001900 and 0.0001950 levels.

We need a negative consolidation and a new pullback to the 0.0001700 previous support level for a bearish option. A break below would indicate an increase in bearish pressure and further price pullback with the formation of a new lower low. Potential lower targets are the 0.0001650 and 0.0001600 levels. Additional support at the 0.0001600 level is the EMA50 moving average.

Litecoin chart analysis

Litecoin’s price is struggling to stay above the $68.00 level. Yesterday, we already found ourselves in this support zone once and managed to create a bullish consolidation up to the $70.50 level. At that level, we encounter resistance, bringing us back to testing the $68.00 level. If we were to see a break below, it would mean that the bearish side is opening for us.

Potential lower targets are $67.00 and $66.00 levels. We have additional support at the $66.00 level in the EMA50 moving average. We need a positive consolidation and price movement above the $70.00 level for a bullish option. Then, we would have to hold above there in order to initiate further positive consolidation from there. Potential higher targets are $71.00 and $72.00 levels.

The post SafeMoon and Litecoin: Safemoon is holding above 0.0001850 appeared first on FinanceBrokerage.

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