SafeMoon and LItecoin: Litecoin recovered to $88.00
- SafeMoon price is recovering after yesterday’s pullback to the 0.0002002 level.
- Yesterday’s decline of Litecoin was stopped at the $83.57 level.
SafeMoon chart analysis
SafeMoon price is recovering after yesterday’s pullback to the 0.0002002 level. A new bullish consolidation is taking the price all the way to the 0.0002250 level. Here we encounter the EMA50 moving average, which could represent an obstacle to the further price recovery.
With a break above, we would continue with the recovery, and the potential higher targets are the 0.0002300 and 0.0002350 levels. For a bearish option, we need a negative consolidation and pullback to support at the 0.0002100 level. With a drop below, we would again test the 0.0002000 support level. Potential lower targets are the 0.0001900 and 0.0001800 levels.
Litecoin chart analysis
Yesterday’s decline of Litecoin was stopped at the $83.57 level. The price is down about $13.00 since the beginning of the day. Today we see a positive consolidation and price recovery to $88.00. If we continue this trend, we could see a more concrete break above. Potential higher targets are the $89.00 and $90.00 levels.
Additional resistance at the $90.00 level is in the EMA50 moving average, and we would need to move above if we want to see continued growth. For a bearish option, a further pullback below the $86.00 level is required, and after that, we could expect to see a continuation to the bearish side.
