SafeMoon and Litecoin: Litecoin made a jump above $72.00
- The price of SafeMoon jumped this morning to the 0.0001865 level, thus forming a three-month high.
- The price of Litecoin is climbing this morning to the $72.85 level, forming a three-month high at that point.
SafeMoon chart analysis
The price of SafeMoon jumped this morning to the 0.0001865 level, thus forming a three-month high. We encounter resistance at that level, and the price begins a slight pullback to the 0.0001820 level. We are now looking at the 0.0001800 level as potential support that could stop the pullback. A break below would mean that there is nothing from support and that we continue to pull back.
Potential lower targets are the 0.0001750 and 0.0001700 levels. We need a positive consolidation and a return to the zone around the 0.0001850 level for a bullish option. Up there, we would be in a position to retest the transient high and see a possible breakout above. Potential higher targets are the 0.0001900 and 0.0001950 levels.
Litecoin chart analysis
The price of Litecoin is climbing this morning to the $72.85 level, forming a three-month high at that point. After that, we see a pullback below the $70.00 level, forming today’s low at $68.30. We are currently trying to stabilize above the $69.00 level in order to start a continuation of the previous bullish trend. To begin with, we need a break above $70.00; after that, we can expect the price to continue to rise. Potential higher targets are $71.00 and $72.00 levels.
We need a negative consolidation and price pullback to the $68.00 support level for a bearish option. A fall below this level would be the first step to continue on the bearish side. This could affect Litecoin continuing its retreat to the next lower support. Potential lower targets are $67.00 and $66.00 levels.
