SafeMoon and Litecoin: SafeMoon jumps to 0.0002341 level
- SafeMoon jumps to the 0.0002341 level and thus forms a two-week high.
- Litecoin price continues the sideways consolidation that started last Thursday.
SafeMoon chart analysis
SafeMoon jumps to the 0.0002341 level and thus forms a two-week high. This morning we saw bullish momentum after a week of consolidation. The price pulled back to the 0.0001850 level, where it found new support and started a new bullish impulse.
We are now at the 0.0001950 level, and we could expect to see a break above the 0.0002000 level. For the continuation of the bullish trend, it is necessary to maintain it up there before continuing to the bullish side. Potential higher targets are the 0.0002100 and 0.0002200 levels.
Litecoin chart analysis
Litecoin price continues the sideways consolidation that started last Thursday. The range of movement is between 90.00-93.00 levels. This morning we had a resistance test at 93.00, followed by a pullback to the 91.80 level. Looking at the overall picture for May, we could expect to see continued growth and a new test of the 95.00 level.
Potential higher targets are 96.00 and 97.00 levels. On the downside, at the 90.00 level, we have additional support in the EMA50 moving average. If they were to break below, it could threaten further growth, and we would likely see a pullback in the price of Litecoin.
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