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SafeMoon and Litecoin: LItecoin puts pressure on 67.00

Litecoin Price Is Still Under $50 - Finance Brokerage

SafeMoon and Litecoin: LItecoin puts pressure on 67.00

  • We are currently seeing the formation of a new high price of SafeMoon at the 0.0002075 level.
  • Litecoin price is in retreat compared to yesterday. Yesterday, we formed a high at the 70.50 level, where we encountered resistance.

SafeMoon chart analysis

We are currently seeing the formation of a new high price of SafeMoon at the 0.0002075 level. The price continues the previous bullish consolidation, climbing to a three-month high. Now, we are experiencing a stall at that level and a pullback to the 0.0002050 level.

We may see a drop to the 0.0002000 level, as we could expect more concrete support there. At that level, we would form a new bottom from which we start the continuation of the recovery.

Potential higher targets are the 0.0002100 and 0.0002150 levels. For a bearish option, we need a negative consolidation and a drop below the 0.0002000 support level. A pullback below would lead to the formation of a new daily low, which could initiate a continuation to the bearish side. Potential lower targets are the 0.0001950 and 0.0001900 levels.

SafeMoon chart analysis

Litecoin chart analysis

Litecoin price is in retreat compared to yesterday. Yesterday, we formed a high at the 70.50 level, where we encountered resistance. After that, we saw a bearish consolidation and pullback today to the 67.10 level. Additional pressure in this zone creates the EMA50 moving average.

If we get its support, we expect to see a bullish consolidation and a return above the 69.00 level. Then we would have to stay up there and form a bottom there from which we would start further recovery.

Potential higher targets are 70.00 and 70.50 levels. For a bearish option, we need a negative consolidation and a drop in Litecoin price below the 67.00 level. This would form a new low, and we would receive confirmation of the bearish option. Potential lower targets are 66.50 and 66.00 levels.

Litecoin chart analysis

The post SafeMoon and Litecoin: LItecoin puts pressure on 67.00 appeared first on FinanceBrokerage.

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