SafeMoon and Litecoin: SafeMoon is back above 0.00004100
- SafeMoon’s price was under pressure below the EMA200 moving average over the weekend.
- Over the weekend, we saw a continuation of last week’s bullish consolidation from the $63.13 level.
SafeMoon chart analysis
SafeMoon’s price was under pressure below the EMA200 moving average over the weekend. This caused the price to drop to the 0.00003600 level. On Monday, we first saw a continuation of the bearish momentum up to the 0.00003503 level. After receiving support, Safemoon starts a bullish consolidation and pulls out above the 0.00004000 level and the EMA200 moving average. Today, we see a continuation of the price recovery and climb to the 0.00004170 level.
If SafeMoon has strength and continues further growth, potential higher targets are 0.00004200 and 0.00004250. We need a pullback to 0.00004000 and EMA200 levels for a bearish option. A break below would wipe out all previous positives, and the price would return to the bearish side. Potential lower targets are the 0.00003900 and 0.00003800 levels.
Litecoin chart analysis
Over the weekend, we saw a continuation of last week’s bullish consolidation from the $63.13 level. After gaining support on Saturday at the $66.35 level, the price started a bullish consolidation up to $68.60. Yesterday, the price had a bad start to the week and retreated to $67.00. The fall was stopped there, and we started with a new impulse to recover to $68.79. This created a new weekly high, and Litecoin retreated to $68.15.
Positive is the return of the price above the EMA200 moving average, and while we are above it, we expect to continue the growth. Potential higher targets are $69.00 and $70.00 levels. We need a negative consolidation and pullback to the $67.00 level for a bearish option. So, we would test yesterday’s low and pull back below the EMA200. New pressure could negatively impact the price by sending it lower. Potential lower targets are $66.50 and $66.00 levels.
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