SafeMoon and Litecoin: SafeMoon was at 0.00005485 yesterday
- The price of SafeMoon rose to 0.00005485 levels yesterday, forming a new weekly high there.
- The new weekly low price of Litecoin was formed yesterday at the $81.98 level.
SafeMoon chart analysis
The price of SafeMoon rose to 0.00005485 levels yesterday, forming a new weekly high there. After that, there is saturation and a drop in momentum. The price starts a pullback down to 0.00004866, where we sit on the EMA200 moving average. For now, we are successfully maintaining above and hope to initiate a new positive consolidation. To begin with, we need to move above the 0.00005100 level.
With that, we move above the daily open price and it will be quite easy for us to start further growth. Potential higher targets are 0.00005200 and 0.00005300 levels. We need a pullback below the EMA200 moving average and the 0.00004800 level for a bearish option. We are gradually moving to the bearish side and expect to see SafeMoon fall to a lower level. Potential lower targets are the 0.00004700 and 0.00004600 levels.
Litecoin chart analysis
The new weekly low price of Litecoin was formed yesterday at the $81.98 level. Fortunately, we were able to hold above that level and initiate a recovery, climbing to the $84.00 level today. We encounter resistance at this level, and the price turns to the bearish side again, pulling back below the EMA50 moving average. We are now at $83.35 and expect to test the $83.00 support level.
Potential lower targets are $82.50 and $82.00 levels. We need a positive consolidation and a return to the $84.00 level for a bullish option. Then, with another step, we move above to $84.50, where the EMA200 moving average awaits us. By breaking above this level, the price will be released from the bearish pressure and could start a further recovery unhindered. Potential higher targets are $85.00 and $85.50 levels.
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