- Yesterday, we saw SafeMoon price rise to the 0.00005000 level.
- Litecoin price, with yesterday's bullish consolidation, was able to reach 71.73 levels.
SafeMoon chart analysis
Yesterday, we saw SafeMoon price rise to the 0.00005000 level. We bounced off this level and returned to the 0.00004500 level. Today we saw a new attempt to reach the 0.00005000 level, but the scenario was the same as yesterday, as it was followed by a new decline to the 0.00004600 level. We are back to the EMA50 area and we will try to get its support.
If we succeed, we will have a new opportunity to test the resistance area again this week. Possible higher targets are the 0.00005100 and 0.00005200 levels. We need a negative consolidation and pullback to the 0.00004400 support level for a bearish option. Here, we will be under more pressure to continue the pullback and try to break the large support area 0.00004200-0.00004300.
Litecoin chart analysis
Litecoin price, with yesterday's bullish consolidation, was able to reach 71.73 levels. This rally was formed this morning. After that, we were in the 70.00-71.50 range, and now we are trying to break above it and form a new range. It could easily happen that we see such a scenario soon. Possible higher targets are 72.00 and 73.00 levels.
We need to pull back below the 70.00 support level to get a bearish option. With a break below, the price will be under pressure to continue falling to the next lower support level. Possible lower targets are 69.00 and 68.00 levels. We get additional support at the EMA50 moving average in the area around 68.00 level.
