- SafeMoon price has been in a moderate bullish consolidation since Monday morning.
- Litecon price remains under pressure from the EMA200 moving average.
SafeMoon chart analysis
SafeMoon price has been in a moderate bullish consolidation since Monday morning. This morning we saw some pulses to the 0.00004600 level. The low moved from 0.00004215 to 0.00004330 this morning. All we have to do is jump above the EMA200 with bullish consolidation and start a more defined recovery. Possible higher targets are the 0.00004600 and 0.00004700 levels.
We need negative consolidation and a pullback below the 0.00004300 support level for a bearish option. A drop below this support would force the price to test this week's low at 0.00004215. The new pressure could negatively impact and lead to levels of 0.00004100 and 0.00004000.
Litecoin chart analysis
Litecon price remains under pressure from the EMA200 moving average. Yesterday we saw a bearish push to the 68.25 level. After that, we returned to the area around the moving average (EMA) and continued the previous bearish consolidation. The inability to return above 70.00 pushes the price down, forcing it to look for support at lower levels. Possible lower targets are 68.00 and 67.00 levels.
We need to break above the EMA200 level and 70.00 level to get a bullish option. Hence, we must hold above that level in order to start continuing the upward trend with new positive consolidation. We will receive EMA200 support, which will boost optimism for further recovery. Possible higher targets are 71.00 and 72.00 levels.
