SafeMoon and LItecoin: Litecoin remains below $78.00 today
There are no significant changes on the SafeMoon chart; we are still at the 0.00004000 support level.
The price of Litecon retreated to $75.60 last night, to a new weekly low.
SafeMoon chart analysis
There are no significant changes on the SafeMoon chart; we are still at the 0.00004000 support level. We are now under a slight bullish momentum above the 0.00004130 level. The price finds support here at the EMA50 moving average, which could initiate further recovery. Potential higher targets are 0.00004200 and 0.00004300 levels.
Additional resistance is the EMA200 in the 0.00004300 zone. A move above and EMA200 support would mean a lot for SafeMoon and continue to the bullish side. We need a negative consolidation and another pullback to the 0.00004000 support level for a bearish option. Price is under renewed pressure to make an impulse below to a new lower low. Potential lower targets are the 0.00003900 and 0.00003800 levels.
Litecoin chart analysis
The price of Litecon retreated to $75.60 last night, to a new weekly low. We were close to testing last week’s low at $75.09. This morning we are looking at a slight bullish consolidation and recovery to the $77.40. For now, we stop here and move in slow motion, transitioning into lateral movement. The price would have to make a certain impulse to break this neutral monotony.
With a return to the $78.00 level, Litecoin will try to move above the EMA50 moving average. With the new support, it will be much easier to continue the growth on the bullish side. Potential higher targets are $79.00 and $80.00 levels. We need a negative consolidation and a price drop below the $76.00 level for a bearish option. This shifts the pressure to the support zone. This could lead to the formation of a new weekly low. Potential lower targets are $75.00 and $74.00 levels.
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