SafeMoon and Litecoin: Litecoin remains below the 63.50
- Today, we see more concrete pressure on SafeMoon’s price at 0.0001380.
- Litecoin price remains under pressure at 62.50 level support.
SafeMoon chart analysis
Today, we see more concrete pressure on SafeMoon’s price at 0.0001380. A new low was formed at the 0.0001383 level, and now we are moving around the 0.0001400 level. It is very possible that we will see a further pullback and the formation of a new low. Potential lower targets are 0.0001360 and 0.0001340 levels.
We need a positive consolidation and a hawk to the 0.0001440 level for a bullish option. There, we would test the EMA50 moving average, and we would need a break above for further recovery in the price of SafeMoon. We would also get support in the EMA50, which should have a positive effect on the trend. Potential higher targets are 0.0001460 and 0.0001480 levels.
Litecoin chart analysis
Litecoin price remains under pressure at 62.50 level support. In the previous few hours, we saw a shorter bullish consolidation and a move up to the 63.00 level. We now need a continuation of this consolidation in order to climb to higher levels on the chart. Potential higher targets are 63.50 and 64.00 levels. We could have additional pressure in the zone around 64.00 levels in the EMA50 moving average.
We need negative consolidation and pullback prices below the 62.50 level for a bearish option. After that, we would be able to test the 62.00 support level. A price break below would mean the bearish trend continues, and the potential lower targets are 61.50 and 61.00.
