SafeMoon and Litecoin: Litecoin stopped at the 74.50 level
- Today, we see a bullish consolidation of SafeMoon price from 0.000530 to 0.000550 level.
- The previous two-day bullish consolidation of the Litecoin price ended this morning at the 74.50 level.
SafeMoon chart analysis
Today, we see a bullish consolidation of SafeMoon price from 0.000530 to 0.000550 level. Yesterday, we had resistance at this level and failed to break above, and today, we have a new opportunity to do so. It would be great if we moved up to the 0.000555 level, as we would have room for consolidation before continuing further recovery. Potential higher targets are the 0.000560 and 0.000565 levels.
The EMA50 moving average is in the zone around the 0.000575 level. We need a negative consolidation and a new price pullback to the 0.000530 support level for a bearish option. A breakout below reinforces the pressure on the price to continue the pullback and form a new price low. Potential lower targets are the 0.000525 and 0.000520 levels.
Litecoin chart analysis
The previous two-day bullish consolidation of the Litecoin price ended this morning at the 74.50 level. After that, we see a pullback to the 73.50 level, and now we are trying to hold on to that zone. Price is currently under pressure to break below and begin a further pullback to the next lower support. Potential lower targets are 73.00 and 72.50 levels.
The price could receive additional support in the EMA50 moving average in the zone around 72.50 levels. We need a positive consolidation and a return to the 74.50 resistance level for a bullish option. A new test of that level could make us move above it and start a continuation of the bullish option. Potential higher targets are 75.00 and 75.50 levels.
