SafeMoon and Litecoin: Litecoin retreats to 82.50
- SafeMoon continues to provide good resistance and is holding above the 0.0002200 level.
- Litecoin continues today with negative consolidation up to the 82.52 support level.
SafeMoon chart analysis
SafeMoon continues to provide good resistance and is holding above the 0.0002200 level. This cryptocurrency is much more stable than stripes and more resistant to increased market volatility. The previous 24h consolidation mostly took place in the 0.0002200-0.0002600 range.
If we manage to hold on here, we could see a break above the upper line and start further growth. Potential higher targets are the 0.0002700 and 0.0002800 levels.
Litecoin chart analysis
Litecoin continues today with negative consolidation up to the 82.52 support level. Now we see a minor recovery to 84.40, but we are still under bearish pressure. It would be desirable to climb up to the 88.00 level in order to move us further out of the negative zone. After that, we could expect to see further growth and recovery.
Potential higher targets are 90.00 and 92.00 levels. We need a continuation of this negative consolidation and a drop below the 82.00 level for a bearish option. It could further lower the price and test the 80.00 support level.