- SafeMoon price fell from yesterday's high to 0.00004170.
- Litecoin price succeeds in an upward wave to reach the $69.99 level.
SafeMoon chart analysis
SafeMoon price fell from yesterday's high to 0.00004170. We find ourselves once again below the 200 moving average, with a daily low forming at the 0.00003800 level. Hopefully we can get support at this level and start consolidating upwards and growing above the EMA200 and 0.00003980 levels. We are close to testing the 0.00004000 level again. A new break higher would lead to further recovery in SafeMoon price. Possible higher targets are the 0.00004050 and 0.00004100 levels.
We need to go back below the EMA200 to the 0.00003800 level to get a bearish option. Tema will return to the support area. Senna will be under pressure to start further withdrawal. With the breakout below, we get confirmation of SafeMoon's volatile price. Possible lower targets are levels 0.00003750 and 0.00003700.
Litecoin chart analysis
Litecoin price succeeds in an upward wave to reach the $69.99 level. This is how we formed this week's high today. We now stop there and go back to the $69.45 level. Here we console ourselves and wait for the next step that will show us the possible direction of Litecoin. We can start a deeper pullback if we drop to $69.00. Possible lower targets are the $68.50 and $68.00 levels.
Once again, we will be close to testing the support at the EMA200. We need a positive consolidation and a move above the $69.50 level for a bullish option. This will be the first indicator that the price is maliciously leading to bullish consolidation. Possible higher targets are $70.00 and $70.504 levels.
