- SafeMoon price is still under downward pressure below the 0.00003200 level.
- Litecoin price stopped at the $73.00 level yesterday, after which we saw a pullback to the $68.12 level.
SafeMoon chart analysis
SafeMoon price is still under downward pressure below the 0.00003200 level. This brought it down to the 0.00002850 level this morning. We were about to visit this week's low at 0.00002800. We get new support at this level and return to the 0.00003100 level. We now need this positive consolidation to continue in order to begin further recovery towards the upside.
Possible higher targets are the 0.00003200 and 0.00003300 levels. Additional pressure and major resistance in the EMA200 is in the area around the 0.00003300 level. Returning to around 0.00002850 levels, we will be back in the bearish zone. The new pressure could easily break through and form a new bottom, possible low targets are the 0.00002800 and 0.00002750 levels.
Litecoin chart analysis
Litecoin price stopped at the $73.00 level yesterday, after which we saw a pullback to the $68.12 level. There we get new support and from there we start in a bullish consolidation zone. Consolidation continues today up to $70.80 where we face resistance. As of now, we have resistance there and are falling back to the support at the $70.20 level. Additional support is found at the EMA200 moving average. If we stay above that level, we will be in a good position to start further recovery.
Possible higher targets are the $71.00 and $71.50 levels. For a bearish option, we need negative consolidation and a pullback below $70.00. A drop below that will put additional pressure on the price of Litecoin to continue issuing it in search of new support. Possible lower targets are the $69.50 and $69.00 levels.
