SafeMoon and Litecoin: Litecoin slipped below the 90.00
SafeMoon is today’s winner against other cryptocurrencies, jumping to 0.0002750 levels.
This morning there was a sharp drop in Litecoin price from 92.00 to 85.60.
SafeMoon chart analysis
SafeMoon is today’s winner against other cryptocurrencies, jumping to 0.0002750 levels. Shortly after that jump, there was a pullback to the 0.0002350 support level. For now, the price remains above and is in a sideways consolidation. We need a positive consolidation and a move above the 0.0002500 level for a bullish option.
Then we need to stay above it in order to start further recovery with the next impulse. Potential higher targets are the 0.0002600 and 0.0002700 levels.
Litecoin chart analysis
This morning there was a sharp drop in Litecoin price from 92.00 to 85.60. We managed to stop the decline at that level, and now we see a recovery to 86.50. We need to go back above the 88.00 level in order to return to the previous movement channel. In the zone around 90.00 levels, additional resistance is the EMA50 moving average.
During the last ten days, we had his support. We need a negative consolidation and a new test of this morning’s low for a bearish option. A break below would take us down to the next support levels. Potential lower targets are 84.00 and 82.00 levels.
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