SafeMoon and Litecoin: Litecoin is back at the 93.00 level
The price of SafeMoon continues to pull back from yesterday to the 0.0002310 level.
Litecoin’s price erased all losses incurred in the previous two days.
SafeMoon chart analysis
The price of SafeMoon continues to pull back from yesterday to the 0.0002310 level. Now we are testing the EMA50 moving average and will try to get its support. If this negative consolidation continues, the price drop is certain, and we will form a new low. Potential lower targets are the 0.0002200 and 0.0002100 levels.
We need a new positive consolidation and a return above the 0.0002400 level for a bullish option. Then we need to secure the position above, and with a new impulse, we will start further recovery. Potential higher targets are 0.0002500 and 0.0002600 levels.
Litecoin chart analysis
Litecoin’s price erased all losses incurred in the previous two days. Today’s high was at 93.20, and now we see a short pullback to 92.50. We can’t even rule out a drop to the 91.00 level. There, we will test a stronger support zone. Potential higher targets are 94.00 and 95.00 levels.
We need a negative consolidation and price pullback below the 91.00 level for a bearish option. In the zone around the 90.00 level, we encounter the EMA50 moving average. A price breakout below would add bearish pressure. Potential lower targets are 89.00 and 88.00 levels.
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