SafeMoon and Litecoin: Litecon jumped to 85.00 this morning
The price of SafeMoon rose to 0.0001840 levels this morning. Litecoin continues its bullish consolidation breaking the zone at the 82.00 level.SafeMoon chart analysis
The price of SafeMoon rose to 0.0001840 levels this morning. Additional pressure on the price is created by the EMA50 moving average, and we need a break above to continue to the bullish side. Potential higher targets are the 0.0001850 and 0.0001900 levels.
We need a negative consolidation and price pullback below the 0.0001800 level for a bearish option. We then need to continue lower and testing the 0.0001750 support level. We would be very close to a very important support zone down there because if we fall below, we could form a new lower low. Potential lower targets are 0.0001700 and 0.0001650 levels.
Litecoin chart analysis
Litecoin continues its bullish consolidation breaking the zone at the 82.00 level. This led to the formation of a new high at the 85.00 level. Now we see a pullback to the 83.90 level and try to consolidate around the 84.00 level. If we succeed in that, we will have a chance to see the recovery continue. Potential higher targets are 86.00 and 87.00 levels.
For a bearish option, we need to stay below the 84.00 level. After that, we expect to see a continued pullback and testing of previous support at the 82.00 level. Potential lower targets are 81.00 and 80.00 levels. Additional support at the 80.00 level is found in the EMA50 moving average.
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