SafeMoon and Litecoin: Litecoin is holding above 77.00
The price of SafeMoon fell to a new June low yesterday at the 0.0001520 level. The Litecoin price is in a bullish consolidation for the last day in a row.SafeMoon chart analysis
The price of SafeMoon fell to a new June low yesterday at the 0.0001520 level. We briefly held down there as the price quickly started a recovery and returned above the 0.0001700 level. Today we are mostly consolidating around the 0.0001800 level.
We can say that the additional pressure on the price is creating the EMA50 moving average on the upside, and we need a break above it if we want to see a price recovery. Potential higher targets are the 0.0001900 and 0.0002000 levels. We need a negative consolidation and price pullback below the 0.0001700 level for a bearish option. Below, we could revisit the previous low and perhaps form a new one. Potential lower targets are the 0.0001600 and 0.0001500 levels.
Litecoin chart analysis
The Litecoin price is in a bullish consolidation for the last day in a row. Today we are consolidating above the 77.00 level, and on that point, we are trying to form a higher low from which we would start the continuation of positive consolidation. The next hurdle is the 78.00 level, and we need a break above to continue on the bullish side.
Potential higher targets are 79.00 and 80.00 levels. Additional resistance in the zone around 80.00 levels is in the EMA50 moving average, and for further continuation, we need a break above. We need a negative consolidation and a drop below the 76.00 level for a bearish option. The pressure would move below today’s support and send the price to previous lower levels. Potential lower targets are 74.00 and 72.00 levels.
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