SafeMoon and Litecoin: Litecoin fell last night to $63.00
- SafeMoon’s price dropped to the 0.0001290 support level this morning.
- The price of Litecoin recovered from yesterday’s pullback to the $63.00 level.
SafeMoon chart analysis
SafeMoon’s price dropped to the 0.0001290 support level this morning. After that, we see a bullish impulse and a price jump to 0.0001315. We are now in a potential resistance zone and additional pressure on the SafeMoon real EMA50 moving average. A break above would mean that the price has the strength to initiate a continuation of the recovery. Potential higher targets are the 0.0001320 and 0.0001325 levels.
We need a negative consolidation and a new price pullback to this morning’s support at the 0.0001290 level for a bearish option. A break below the support level would indicate a further pullback and a continuation of the price decline to the bearish side. Potential lower targets are the 0.0001285 and 0.0001280 levels.
Litecoin chart analysis
The price of Litecoin recovered from yesterday’s pullback to the $63.00 level. After that, we see a bullish consolidation and a price jump to $64.05. We are now in a sideways consolidation in the $63.60-$36.90 range. We are in a mild bullish consolidation and could expect a new break above the $64.00 level. Potential higher targets are $64.20 and $64.40 levels. Additional resistance to the bullish option in the zone around $64.40 is the EMA50 moving average.
We need a negative consolidation and a price pullback below the $63.60 level for a bearish option. After that, the price enters the red zone of increased pressure, which could influence us to visit yesterday’s low and form a new one. Potential lower targets are $62.80 and $62.60 levels.
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