SafeMoon and Litecoin: $69.99 new weekly high for Litecoin
- SafeMoon price pulled back from yesterday’s high to the 0.00004170 level.
- The price of Litecoin succeeds with a bullish impulse to reach the $69.99 level.
SafeMoon chart analysis
SafeMoon price pulled back from yesterday’s high to the 0.00004170 level. We again found ourselves below the EMA200, with the formation of a daily low at the 0.00003800 level. Hopefully, we manage to get support at that level and initiate a bullish consolidation and growth above the EMA200 and 0.00003980 levels. We are close to testing the 0.00004000 level again. A new break above would trigger a further recovery in SafeMoon’s price. Potential higher targets are the 0.00004050 and 0.00004100 levels.
We need to go back below the EMA200 to the 0.00003800 level for a bearish option. Tima would return to the support zone. Cena would be under pressure to start a further pullback. With the breakout below, we get confirmation of SafeMoon’s volatile price. Potential lower targets are the 0.00003750 and 0.00003700 levels.
Litecoin chart analysis
The price of Litecoin succeeds with a bullish impulse to reach the $69.99 level. That’s how we formed this week’s price high today. We are now stopping there and returning to the $69.45 level. Here, we console ourselves and wait for the next step that would show us the potential trend of Litecoin. We could initiate a deeper pullback if we slide down to $69.00. Potential lower targets are $68.50 and $68.00 levels.
Again, we would be close to testing support in the EMA200 moving average. We need a positive consolidation and a move above the $69.50 level for a bullish option. That would be the first indication that the price is slyly triggering a bullish consolidation. Potential higher targets are $70.00 and 70.504 levels.
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