SafeMoon and Litecoin: Litecoin is on the way to 70.00
- SafeMoon’s price dropped to 0.0001685 level this morning.
- The price of Litecoin fell to 71.09 levels yesterday.
SafeMoon chart analysis
SafeMoon’s price dropped to 0.0001685 level this morning. Three weeks ago, we were on this point. Then, we were in bullish impulse and price growth to 0.0002840. The price starts to pull back from that moment and falls to today’s low. Now we see a minor recovery to the 0.0001760 level, and we need a jump above 0.0001800 to we partially release the bearish pressure.
Potential higher targets are the 0.0001850 and 0.0001900 levels. For a bearish option, I need a continuation of the negative consolidation and a drop to the 0.0001700 level. Potential lower targets are the 0.0001650 and 0.0001600 levels.
Litecoin chart analysis
The price of Litecoin fell to 71.09 levels yesterday. It fell out of the previous consolidation, and now we are at a new low. After the drop, we see a minor recovery to the 74.00 level, where we encounter new resistance and pull back to the previous low. If the current consolidation continues, we could see a breakout below and the formation of a new lower low. Potential lower targets are 70.00 and 69.00 levels.
We need a positive consolidation and stabilization above the 74.00 level for a bullish option. After that, we could expect to see a new bullish impulse and the initiation of a price recovery. Potential higher targets are 76.00 and 78.00 levels.
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