SafeMoon and Litecoin: Litecoin climbs to the 95.00 level
- SafeMoon price manages to move above the 0.0001800 level.
- Litecoin is back to the 95.00 level again.
SafeMoon chart analysis
SafeMoon price manages to move above the 0.0001800 level. We have received additional support in the EMA50 moving average, which the price could now exploit and continue to the bullish side. Potential higher targets are 0.0001850 and 0.0001900 levels. At the 0.0001900 level, we could expect the next major resistance.
We need a negative consolidation and pullback below 0.0001800 for a bearish option. After that, the price should continue to pull back to the 0.0001750 level. A breakout below us pushes to a new lower low and thus confirms the bearish trend. Potential lower targets are the 0.0001700 and 0.0001650 levels.
Litecoin chart analysis
Litecoin is back to the 95.00 level again. After this morning’s consolidation at the 92.00 level, a bullish impulse and price jumped at the 95.00 level. We have formed this week’s new higher high compared to the previous one, which was at 94.00. We now have additional support in the EMA501 moving average, and such a picture could push Litecoin higher. Potential higher targets are 96.00 and 97.00 levels.
We need a negative consolidation, a pullback below the 94.00 level, and the EMA50 moving average for a bearish option. After that, the price should have gone down to the 92.00 level of support. A break below would mean further weakening of the Litecoin price. Potential lower targets are 91.00 and 90.00 levels.
