SafeMoon and Litecoin: Litecoin remains below 78.00
- The price of SafeMoon fell to a new June low this morning at the 0.0001756 level.
- Litecoin price continues the slow recovery that started on Monday.
SafeMoon chart analysis
The price of SafeMoon fell to a new June low this morning at the 0.0001756 level. From that moment, we see the beginning of bullish consolidation, and the price begins to recover. We managed to climb up to the 0.0001850 level, and now we are holding at the 0.0001830 level.
If this consolidation continues, the price could continue to rise and recover. Potential higher targets are the 0.0001875 and 0.0001900 levels. The EMA50 moving average awaits us in the zone around the 0.0001950 level.
Litecoin chart analysis
Litecoin price continues the slow recovery that started on Monday. We are now at the 77.70 level and fighting to move above the $78.00 level. If we were to succeed in that, we would have to stay up there in order to stabilize ourselves in that place. After that, we should see continued bullish consolidation and price recovery.
Potential higher targets are 80.00 and 82.00 levels. We need a negative consolidation and a drop to the 76.00 level for a bearish option. Below we would be very close to testing the previous low, and we may see a breakout below. Potential lower targets are 75.00 and 74.00 levels.
