SafeMoon and Litecoin: Litecoin in trouble below $70.00
SafeMoon price spent yesterday holding above 0.00003350 and the EMA200 moving average. Litecoin’s price failed to hold above $70.00 yesterday, and we saw a drop below.SafeMoon chart analysis
SafeMoon price spent yesterday holding above 0.00003350 and the EMA200 moving average. It succeeded in doing so, but this morning, we saw pressure in that zone that pushed the price down to new support at the 0.00003300 level. We are currently seeing a bullish impulse to the 0.00003490 level and crossing the EMA200. We expect to see continued bullish consolidation above 0.00003500.
Potential higher targets are the 0.00003600 and 0.00003700 levels. We need a return below this morning’s support for a bearish option. With that, we would fall under bearish pressure to start a further pullback in search of a lower support level. Potential lower targets are 0.00003200 and 0.00003100 levels.
Litecoin chart analysis
Litecoin’s price failed to hold above $70.00 yesterday, and we saw a drop below. At $71.00, a strong bearish impulse followed and a pullback to the $67.50 level. After that, we saw a recovery attempt that stopped at $69.97. This was a sign to us that Litecoin did not have the strength to break above. Then, the price starts a bearish consolidation, falling again to the $67.50 support level.
Potential lower targets are $67.00 and $66.50 levels. Once again, we find support at $67.50 and start a bullish consolidation, climbing above the $68.00 level. We would have to move above $69.00 if we want to see a more concrete recovery. Potential higher targets are $69.50 and $70.00 levels.
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