SafeMoon and Litecoin: Litecoin continues below 70.00
- SafeMoon’s price has been in a mild bullish consolidation since Monday morning.
- Litecon price continues to be under pressure from the EMA200 moving average.
SafeMoon chart analysis
SafeMoon’s price has been in a mild bullish consolidation since Monday morning. This morning, we saw a couple of impulses to the 0.00004600 level. Low moved from 0.00004215 to 0.00004330 this morning. All we have to do is jump over the EMA200 moving average with bullish consolidation and start a more specific recovery. Potential higher targets are the 0.00004600 and 0.00004700 levels.
We need a negative consolidation and pullback below the 0.00004300 support level for a bearish option. Falling below this support would force the price to test this week’s low at the 0.00004215 level. The new pressure could negatively impact and lead to the 0.00004100 and 0.00004000 levels.
Litecoin chart analysis
Litecon price continues to be under pressure from the EMA200 moving average. Yesterday, we saw a bearish impulse to the 68.25 level. After that, we returned to the zone around the EMA and continued with the previous bearish consolidation. The inability to get back above 70.00 pushes the price lower, forcing it to look for support at lower levels. Potential lower targets are 68.00 and 67.00 levels.
We need a break above the EMA200 and the 70.00 level for a bullish option. Then, we have to hold above there in order to start the continuation to the bullish side with a new positive consolidation. We would receive the support of the EMA200 moving average, which would strengthen optimism for further recovery. Potential higher targets are 71.00 and 72.00 levels.
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