SafeMoon and Litecoin: Litecoin is at the door of $85.00
The price of SafeMoon is moving above the EMA200 moving average and the 0.00003500 level.
This morning’s bullish impulse pushed the price of Litecoin to the $84.52 level.
SafeMoon Chart Analysis
The price of SafeMoon is moving above the EMA200 moving average and the 0.00003500 level. Today’s movement is within the range of 0.00003500-0.00003850. We have strong support from the EMA200 and expect to continue on the bullish side. Now, we need a strong impulse to push us above the 0.00004000 level. This would break the weekly resistance at the 0.00003900 level.
That step would be a real success for the price of SafeMoon as it would further alleviate bearish pressure. Potential higher targets are the 0.004100 and 0.00004200 levels. We need a retreat below the EMA200 and the 0.00003500 level for the bearish option. The price would then be under significant bearish pressure, negatively affecting further movement. Potential lower targets are the 0.00003400 and 0.00003300 levels.
Litecoin Chart Analysis
This morning’s bullish impulse pushed the price of Litecoin to the $84.52 level. Yesterday, we experienced a brief price instability and a drop to the $70.00 support level. After that, we saw a quick consolidation, and with new impulses, we returned above the $75.00 level. We gained new support there and continued all the way to this morning’s high. Then, a brief price retreat followed to the $81.30 level. We managed to hold above it, and now we need a new bullish impulse for further continuation on the bullish side.
Potential higher targets are the $84.00 and $85.00 levels. For the bearish option, we need a retreat of Litecoin’s price below the support at the $81.00 level. After that, we look at the $80.00 level as the next support. If we fail to hold there as well, the price will be forced into further retreat. Potential lower targets are the $78.00 and $76.00 levels.
The post SafeMoon and Litecoin: Litecoin is at the door of $85.00 appeared first on FinanceBrokerage.