SafeMoon and Litecoin: Litecoin at 92.00 this morning
The price of SafeMoon consolidated this morning in the zone around the 0.0001680 level. Litecoin price managed to break above the 90.00 level this morning.SafeMoon chart analysis
The price of SafeMoon consolidated this morning in the zone around the 0.0001680 level. This was followed by a bullish impulse and a jump to the 0.0001780 level, while now we are consolidating at the 0.0001760 level. Additional potential support for the price at this level is the EMA50 moving average. It is also desirable to move up to the 0.0001780 level again. Above, we would be close to testing the 0.0001800 level and making a break above.
Potential higher targets are the 0.0001820 and 0.0001840 levels. We need a negative consolidation and a new pullback to the 0.0001680 level for a bearish option. Then, we need a break below to form a new low and continue to the bearish side. Potential lower targets are the 0.0001660 and 0.0001640 levels.
Litecoin chart analysis
Litecoin price managed to break above the 90.00 level this morning. Today’s bullish momentum stopped near the 92.00 level. We are currently at the 91.50 level and testing the EMA50 moving average. We need to hold above if we want to see a continuation on the bullish side. Potential higher targets are 92.00 and 92.50 levels.
We need a negative consolidation and a new pullback to the 90.00 support level for the bearish side. A break below would bring us back to the previous movement zone, which would increase the pressure on the price of Litecoin to continue on the bearish side. Potential lower targets are 89.50 and 89.00 levels.
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