SafeMoon and Litecoin: Litecoin is holding above 105.00
- SafeMoon continues to pull back from yesterday’s high at the 0.0001920 level.
- The price of Litecoin pulled back to 103.00 this morning, where it very quickly found support and started a bullish impulse.
SafeMoon chart analysis
SafeMoon continues to pull back from yesterday’s high at the 0.0001920 level. This morning we saw a break below the EMA50 moving average, which could further weigh on Safemoon’s price and send it to previous lower support levels. Potential lower targets are the 0.0001750 and 0.0001700 levels.
We need a new positive consolidation and price return above the 0.0001850 level for a bullish option. Then we need to hold up there and consolidate before continuing to the bullish side. We would also get support at the EMA50 moving average, which could give a tailwind to SafeMoon’s price. Potential higher targets are the 0.0001900 and 0.0001950 levels.
Litecoin chart analysis
The price of Litecoin pulled back to 103.00 this morning, where it very quickly found support and started a bullish impulse. Now we are already above the 106.00 level and on our way to the 110.00 level. After that, we would find ourselves in yesterday’s resistance zone and need a break above for a bullish continuation. Potential higher targets are 112.00 and 114.00 levels.
We need a negative consolidation and pullback to the 102.00 support level for a bearish option. We have additional support at that level in the EMA50 moving average. A break below would mean a possible further price pullback and fall to previous support levels. Potential lower targets are 100.00 and 98.00 levels.
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