- SafeMoon price has been in a slight bullish consolidation since Monday morning.
- Litecon price continues to be under pressure by the EMA200 moving average.
SafeMoon Chart Analysis
SafeMoon price has been in a slight bullish consolidation since Monday morning. This morning we saw a couple of impulses towards the 0.00004600 level. The low moved from 0.00004215 to 0.00004330 this morning. All we have to do is jump over the EMA200 moving average with a bullish consolidation and start a more targeted recovery. The highest possible targets are the 0.00004600 and 0.00004700 levels.
We need a negative consolidation and a pullback below the 0.00004300 support level for a bearish option. Falling below this support would force the price to test this week's low at the 0.00004215 level. The new pressure could negatively impact and lead to the 0.00004100 and 0.00004000 levels.
Litecoin Chart Analysis
Litecon price continues to be under pressure by the EMA200 moving average. Yesterday we saw bearish momentum towards the 68.25 level. After that, we returned to the zone around the EMA and continued the previous bearish consolidation. The inability to break above 70.00 again pushes the price lower, forcing it to look for support at lower levels. The lowest possible targets are the 68.00 and 67.00 levels.
We need a break above the EMA200 and the 70.00 level for a bullish option. Then we will have to stay above there to start the continuation towards the bullish side with a new positive consolidation. We would receive support from the EMA200 moving average, which would strengthen optimism for further recovery. The highest potential targets are the 71.00 and 72.00 levels.
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