SafeMoon and Litecoin: Litecoin yesterday below 80.00
- The price of SafeMoon is slowly starting to climb, forming a bullish consolidation.
- Litecoin’s price dropped below the 80.00 level yesterday, forming a low at 79.19.
SafeMoon chart analysis
The price of SafeMoon is slowly starting to climb, forming a bullish consolidation. Yesterday, we saw a jump to the 0.0001780 level and the formation of a seven-day high. We also have support in the EMA50 moving average, and we could expect to see a further recovery. Potential higher targets are the 0.0001800 and 0.0001820 levels.
We need a negative consolidation and pullback to the 0.0001750 level for a bearish option. Additional support in that zone is the EMA50 moving average. A break below it would add bearish pressure and send the price testing last week’s support, the 0.0001720-0.0001740 range. A price break below this zone would form a new low, and potential lower targets are the 0.0001710 and 0.0001700 levels.
Litecoin chart analysis
Litecoin’s price dropped below the 80.00 level yesterday, forming a low at 79.19. This was followed by a bullish consolidation and a return above the 80.00 level until 83.00. We are currently consolidating around 82.75 and could expect to see a continuation of the recovery and a move to the 84.00 level. A potential higher target is the 85.00 level, along with the EMA50 moving average.
We need a negative consolidation and a new pullback below the 80.00 level for a bearish option. We would be able to test yesterday’s low and maybe see the formation of a new one. Potential lower targets are 78.00 and 77.00 levels.
