SafeMoon and Litecoin: Litecoin breaks resistance at 75.00
- Since the beginning of the day, the price of SafeMoon has been in a bullish consolidation.
- After yesterday’s Litecoin price consolidation, today we see a bullish movement and a retest of the 75.00 level.
SafeMoon chart analysis
Since the beginning of the day, the price of SafeMoon has been in a bullish consolidation. This initiated a jump to the 0.0000600 level, where we formed this week’s price high. We encounter resistance at that level and pull back to the 0.0000550 support level.
A break below would indicate that we will see a continuation of the decline and a return of the price to the previous movement zone. Potential lower targets are the 0.0000500 and 0.0000450 levels.
For a bullish option, we need another positive consolidation and a return to the 0.0000600 resistance level. Then, we would have to move above and hold ourselves up there. With a new impulse, we would recover and move to the bullish side. Potential higher targets are 0.0000650 and 0.0000700 levels.
Litecoin chart analysis
After yesterday’s Litecoin price consolidation, today we see a bullish movement and a retest of the 75.00 level. Yesterday, we moved in the 72.50-74.00 range, and this morning, we saw a break above the upper level, and now we have its support to continue to the bullish side. Potential higher targets are 75.50 and 76.00 levels.
For a bearish option, we need a negative consolidation and a new pullback of the Litecoin price below the 74.00 support level. After that, we return to yesterday’s movement zone, which could influence the price to continue its retreat, looking for new support.
Potential lower targets are 73.00 and 72.00 levels. Litecoin could have additional support in the zone around 72.00 levels in the EMA50 moving average.