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SafeMoon and Litecoin: Litecoin remains below the $75.00

Safemoon 2

SafeMoon and Litecoin: Litecoin remains below the $75.00

  • The price of SafeMoon continues the previous lateral consolidation today.
  • Litecoin price pulled back to support at the $71.00 level yesterday.

SafeMoon chart analysis

The price of SafeMoon continues the previous lateral consolidation today. Yesterday’s bullish consolidation did not help us. The price tried to break above the 0.0000550 level, but it all ended without success. We again returned to the previous movement zone, which then continued today.

Today’s support is at the 0.0000460 level, and there is a slight bearish pressure that could make us break below and form a new low. Potential lower targets are the 0.0000440 and 0.0000420 levels.

For a bullish option, we would need to move back above the 0.0000500 level to support continued positive consolidation. Potential higher targets are 0.0000520 and 0.0000540 levels.

SafeMoon chart analysis

Litecoin chart analysis

Litecoin price pulled back to support at the $71.00 level yesterday. From that level, we see the initiation of a strong bullish impulse and a price jump to the $74.25 level. We encounter resistance in that zone and then pull back to the $72.50 level.

We find new support in that zone and move into a new bullish consolidation, again testing the previous resistance zone around the 74.50 level. Potential higher targets are $75.00 and $75.50 levels.

For a bearish option, we need a negative consolidation and newly pulled back to the $72.50 support level. A break below leads to the formation of a new low and thus confirms the bearish primacy.

Potential lower targets are $72.00 and $71.50 levels. Additional support for the Litecoin price is the EMA50 moving average in the zone around the $71.50 level.

Litecoin chart analysis

 

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