SafeMoon and Litecoin: Litecoin is back above $90.00
- The movement of SafeMoon in the previous five days is unchanged, moving around 0.0001700 levels.
- Litecoin continues its upward trend for the eighth day in a row.
SafeMoon chart analysis
The movement of SafeMoon in the previous five days is unchanged, moving around 0.0001700 levels. We are now in a potential support zone, and a positive consolidation and a return above the EMA50 moving average could follow. Then we would move to the area around the 0.0001800 level. If the positive consolidation continues, potential higher targets are the 0.000190 and 0.000200 levels. On the bearish side, the first support is at the 0.0001600 level. The last time we were there was on May 12. A break below could take the price down to the 0.000150 level, and we would test the lower channel line there.
Litecoin chart analysis
Litecoin continues its upward trend for the eighth day in a row. A new weekly high was formed at the $93.74 level. After that, we see a pullback to the $90.00 level, where we get support and start a new recovery. We are now close to retesting the previous high. A price break above is certainly possible, and potential higher targets are the $94.00 and $95.00 levels. We need a negative consolidation and pullback below the $90.00 level for a bearish option. After that, we could expect to see a continuation of the decline in the price of Litecoin. Potential lower targets are the $88.00 and $86.00 levels. And at the $86.00 level, additional support is the EMA50 moving average.
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