- Over the weekend, SafeMoon price managed to recover above the EMA 200 moving average.
- The seven-day uptrend of Litecoin price stopped yesterday at the level of $69.33
SafeMoon Chart Analysis
Over the weekend, the SafeMoon price managed to recover above the 200 EMA moving average. After the weekend, a sideways consolidation took place in the range of 0.00003000-0.00003400. On Monday, we saw a break above it and the formation of a new weekly high at the level of 0.00003890. Shortly after, SafeMoon started to lose strength, which led to a pullback to the support at 0.00003200.
The price gets a new support there, and with the EMA 50 moving average, we rise again to 0.00003600. SafeMoon needs to continue its bullish consolidation to stay on the bullish side. For a bearish option, we need a negative consolidation to the level of 0.00003000. With that step, the price moves to the bearish side and we will be forced to look for a new weekly low. Possible lower targets are the levels of 0.00002800 and 0.00002600.
Litecoin Chart Analysis
The seven-day uptrend of Litecoin price was halted yesterday at the level of $69.33. Shortly after the formation of a new high, the price started to pull back. We managed to get the first support at $67.00, but it was short-lived as we saw a break below it this morning. Litecoin fell to a weekly low at the level of $66.00. For now, it remains above it, recovering to the level of $66.70.
The price has a chance to turn to the bullish side above $67.00 and the 50 EMA. Possible upper targets are $67.50 and $68.00 levels. For a bearish option, we need a negative consolidation and a drop in Litecoin price below $66.00. After that, we look to test the 200 EMA. Possible lower targets are $65.50 and $65.00 levels.
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