SafeMoon and Litecoin: Litecoin recovered to the 91.00 level
The price of SafeMoon is in a bullish consolidation today, with the formation of a high at the 0.0002250 level.
Litecoin’s price returned above the 90.00 level yesterday.
SafeMoon chart analysis
The price of SafeMoon is in a bullish consolidation today, with the formation of a high at the 0.0002250 level. The price pulled back from that level to 0.0002150, and we are now looking for support here to continue the recovery. Potential higher targets are the 0.0002300 and 0.0002350 levels.
We need a negative consolidation and pullback below the 0.0002100 level for a bearish option. After that, we would enter the zone of potential support 0.0002000-0.0002050. Depending on the pressure at that level, the price could break below and form a new lower low.
Litecoin chart analysis
Litecoin’s price returned above the 90.00 level yesterday. At that level, we have additional resistance in the EMA50 moving average, which led to another pullback and a drop below the 90.00 level. We got new support at the 88.00 level, and for now, we are holding above that support level.
With the breakout below, we continue to the bearish side and visit the previous low. Potential lower targets are 86.00 and 85.00 levels. We need a positive consolidation and a move above the 91.00 level for a bullish option. Thus, we would skip the EMA50 and get its support to continue to the bullish side. Potential higher targets are 92.00 and 93.00 levels.
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