SafeMoon and Litecoin: SafeMoon went up to 0.00008000 today

SafeMoon’s price has strengthened with bullish impulses and moved away from bearish pressure. 
Litecoin price pulled back to the $92.00 support level yesterday. 

SafeMoon chart analysis

SafeMoon’s price has strengthened with bullish impulses and moved away from bearish pressure. This led us to see the price jump to the 0.00008000 level today. Since just a few days ago, the SafeMoon price has been very active, and there has been a lot of volume. Support is slowly moving up and above the 0.00005500 level. The EMA200 and EMA50 moving averages have also started to rise following the trend and volume.

We expect to see a continuation to the bullish side. Potential higher targets are 0.00007500 and 0.0008000, this week’s high. For a bearish option, we need a drop to the 0.00005000 level. There we first test the EMA50 moving average. By sliding below, we are heading towards the EMA200 and the zone around the 0.00004700 level.

Litecoin chart analysis

Litecoin price pulled back to the $92.00 support level yesterday. After that, we climb above $93.00, and there we get the support of the EMA50 moving average. So, until this morning, we were in a lateral consolidation, and then we jumped over the $95.00 level. The daily high price is $96.50; we have resistance in that zone for now. Litecoin is pulling back slightly to the $95.50 level but remains under pressure to make another bearish move.

That would take us back to support at $93.00 again. The inability to hold above pushes Lotecoin below to a new daily low. Potential lower targets are $92.00 and $91.00 levels. We would have to climb to the $97.00 level for a bullish option. This takes us past the previous resistance at $96.50. After that, we expect to test yesterday’s high price, and the potential higher targets are the $98.00 and $99.00 levels.

The post SafeMoon and Litecoin: SafeMoon went up to 0.00008000 today appeared first on FinanceBrokerage.