SafeMoon and Litecoin: New Daily Targets and Prices
The price of SafeMoon is holding steady above the EMA 200 moving average this week
This morning, the price of Litecoin was forced to pull back to the $65.60 level
SafeMoon chart analysis
The price of SafeMoon is holding steady above the EMA 200 moving average this week. On Monday, it climbed to the previous weekly high at 0.00003890. This morning, we had a new bullish attempt, which was stopped at the 0.00003700 level. After that, SafeMoon pulled back to new support at the 0.00003300 level. Here, we have support from the EMA 50 moving average and expect a new bullish consolidation to be initiated.
Potential higher targets are 0.00003600 and 0.00003700 levels. We are also hoping for a jump above 0.00003700 to a new daily high. For a bearish option, we need a negative consolidation and pullback to 0.00003200, where the EMA 200 moving average awaits us. That zone is critical for the price because if it falls below it, it will move to the bearish side. Potential lower targets are the 0.00003100 and 0.00003000 levels.
Litecoin chart analysis
This morning, the price of Litecoin was forced to pull back to the $65.60 level. Very quickly, we were able to stabilize in that zone and get back above the EMA 200 moving average and $66.00. The price initiated a new bullish consolidation up to the $67.50 level. Here, we are close to testing yesterday’s high. Now, we need to stay here so that we have a chance to continue our recovery.
Potential higher targets are the $68.00 and $68.50 levels. For a bearish option, we need a new negative consolidation of Litecoin. Going down to $66.50, we pull back below the EMA 50 moving average. There, we expect the bearish momentum to grow and continue to $66.00 and the EMA 200 moving average. This time, we need a break below to a new daily low. Potential lower targets are the $65.50 and $65.00 levels.
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