SafeMoon and Litecoin: Litecoin remains at 63.00 today
- The price of SafeMoon price dropped to 0.0001343 level yesterday.
- Yesterday, Litecoin fell to 61.43 and formed a new lower low there.
SafeMoon chart analysis
The price of SafeMoon price dropped to 0.0001343 level yesterday. After that, we see a bullish impulse back to the 0.0001400 level. Now, we are currently holding in that zone, and we could see price recovery and return to the 0.0001420 level. If we could manage to stay there, we would be in a good position to continue with further recovery. Potential higher targets are 0.0001430 and 0.0001440 levels.
We need a negative consolidation and a drop to the 0.0001380 level for a bearish option. After that, we would be in a position to see continued pullbacks and price declines. Potential lower targets are the 0.0001370 and 0.0001360 levels.
Litecoin chart analysis
Yesterday, Litecoin fell to 61.43 and formed a new lower low there. After that, the price managed to recover to 63.30, where it encountered a new resistance. We then see a pullback to 63.00 and test that support level for now. If it holds, the price could initiate a bullish consolidation and recovery above the 63.50 level.
Potential higher targets are 64.00 and 64.50 levels. Additional pressure in the zone around 64.00 levels is in the EMA50 moving average. We need a negative consolidation and a price drop to the 62.50 support level for a bearish option. With a break below, we would see an increased push for the price to continue its pullback. Potential lower targets are 62.00 and 61.50 levels.
