SafeMoon and Litecoin: Litecoin climbs to $95.00
- SafeMoon’s price remains under pressure from the EMA50 moving average.
- Litecoin continued its upward trend to the $95.00 level yesterday.
SafeMoon chart analysis
SafeMoon’s price remains under pressure from the EMA50 moving average. In the last few hours, we have a positive consolidation that could try to push us above the moving average. If we managed to do that, we would get his support for further continuation and formation of this week’s new higher high.
Potential higher targets are 0.0001750 and 0.0001800 levels. We need a negative consolidation and pullback to the 0.0001600 support level for a bearish option. A price break below would form a new lower low, and thus we would get confirmation of a continuation to the bearish side.
Litecoin chart analysis
Litecoin continued its upward trend to the $95.00 level yesterday. The price stopped at that level, and from that moment, we saw a pullback to the $92.40 level. We find support there and return above the $93.00 level. The price managed to hold above that level, and we could see a new bullish impulse and a retest of the $95.00 level.
Potential higher targets are $96.00 and $97.00. We need a negative consolidation and pullback below the $92.00 level for a bearish option. After that, we could expect to see a continued pullback and search for support at lower levels. Potential lower targets are $90.00 and $88.00.
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