SafeMoon and Litecoin: SafeMoon stops at 0.00004000 level
- The price of safeMoon successfully received support in the zone around the 0.00003600 level yesterday.
- The price of LItecoin managed to recover yesterday to the $66.34 level.
SafeMoon chart analysis
The price of safeMoon successfully received support in the zone around the 0.00003600 level yesterday. This was followed by a bullish impulse and a jump to the 0.00004070 level. Here, we encountered the EMA200 moving average, which did not allow us to break above, and the price started to pull back. We are currently at the 0.00003800 level and are moving towards the previous support zone.
Potential lower targets are once again the 0.00003700 and 0.00003600 levels. We need a price return above the 0.00004000 level for a bullish option. We would again test the EMA200 and would have to move above it if we plan to see further recovery. Potential higher targets are the 0.00004100 and 0.00004200 levels.
Litecoin chart analysis
The price of LItecoin managed to recover yesterday to the $66.34 level. It stopped there, and this morning, we watched a pullback to the $65.20 level. Since then, we have been in a sideways consolidation in the $65.20-$65.90 range. We need a new impulse above the $66.00 level in order to form a two-day high and thus get rid of the bearish momentum. Potential higher targets are $66.50 and $67.00 levels.
The EMA200 moving average is in the zone around the $68.00 level. We need a pullback to the $65.00 level for a bearish option. Thus, we would break through the previous bullish structure and form a daily low. This would mean that we are returning to our bearish side. Potential lower targets are $64.50 and $64.00 levels.
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