SafeMoon and Litecoin: Litecoin is holding around 83.00
- SafeMoon remains below resistance at the 0.0001830 level.
- The Litecoin price remained stable above the 83.00 level yesterday.
SafeMoon chart analysis
SafeMoon remains below resistance at the 0.0001830 level. From there, we see a bearish impulse and pullback to the 0.0001780 support level. We are now very close to finding support in the EMA50 moving average at the 0.0001770 level.
For a bullish option, we need a new positive consolidation. After that, we would have to stabilize above the 0.0001800 level and form a new bottom there, from which we will start the continuation of the recovery. Potential higher targets are 0.0001840 and 0.0001860 levels.
We need a negative consolidation and pullback below the EMA50 moving average and the 0.0001760 level for a bearish option. Potential lower targets are the 0.0001740 and 0.0001720 levels.
Litecoin chart analysis
The Litecoin price remained stable above the 83.00 level yesterday. Today, we see a continuation of yesterday’s movement with a small movement to the 83.80 level. If this kind of consolidation continues, we could expect to see reaching the 85.00 level. After that, we need a break above, and thus, we would also get support in the EMA50 moving average for the continued bullish side.
Potential higher targets are 86.00 and 87.00 levels. We need a negative consolidation and pullback below the 83.00 support level for a bearish option. After that, I can expect the prices to start pulling back and break the last week’s support zone. Potential lower targets are 82.00 and 81.00 levels.
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