SafeMoon and Litecoin: Litecoin still around 65.00 level
SafeMoon price is recovering slightly and consolidating above the 0.0001450 level.
The price of Litecoin remains in the zone around the 65.00 level.
SafeMoon chart analysis
The price of SafeMoon is recovering slightly and consolidating above the 0.0001450 level. We could expect to see a continuation of the bullish movement and a move towards the 0.0001480 level. If we were to succeed in that intention, then we need to try to maintain up there in order to continue towards the 0.0001500 level. We have additional pressure at that level in the EMA50 moving average. Potential higher targets are the 0.0001520 and 0.0001540 levels.
We need a negative consolidation and a pullback to the 0.0001400 support level for a bearish option. A fall below this level would be a clear sign of continuation to the bearish side. Potential lower targets are the 0.0001380 and 0.0001360 levels.
Litecoin chart analysis
The price of Litecoin remains in the zone around the 65.00 level. We managed to climb above the 66.00 level but quickly pulled back to the 65.00 support level. Now, we need a new positive consolidation that would create a new impulse to move the price up more concretely. Potential higher targets are 68.00 and 70.00 levels. We have an additional bullish option in the EMA50 moving average around 68.00 levels.
We need a negative consolidation and pullback to the 64.00 level for a bearish option. A break below would mean a potential continuation of the pullback and confirmation of a bearish option. Potential lower targets are 62.00 and 60.00 levels.
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