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SafeMoon and Litecoin: Litecoin slipped below 65.00 again

SafeMoon and Litecoin: Litecoin slipped below 65.00 again

SafeMoon’s price is still low in the support zone.
The price of Litecoin continues to struggle around the 65.00 level.

SafeMoon chart analysis

SafeMoon’s price is still low in the support zone. We still struggle to break away from the 0.0001400-0.0001420 support zone. The current positive consolidation is pushing us to the 0.0001440 level, and we could expect to see a continuation above the 0.0001460 level. Potential higher targets are the 0.0001480 and 0.0001500 levels. Additional resistance in the zone around the 0.0001500 level is the EMA50 moving average.

We need a negative consolidation and a price drop below the 0.0001420 level for a bearish option. After that, we would be back in the support zone and could retest the 0.0001400 level. Potential lower targets are the 0.0001380 and 0.0001360 levels.

Litecoin chart analysis

The price of Litecoin continues to struggle around the 65.00 level. We again see the beginning of negative consolidation and a pullback to the 64.75 level. If this consolidation continues, we can expect to slip below the $64.00 level very quickly. After that, space opens up for us towards 92.00, the previous support level.

A break below it would mean that we will see a continuation of the Litecoin price pullback. Potential lower targets are 61.00 and 60.00 levels. We need a positive consolidation and a jump to the 66.00 level for a bullish option. Then we would have room to establish a position above the 65.00 level. With a new impulse, we would start a further recovery and growth of the price of Litecoin. Potential higher targets are 68.00 and 70.00 levels. We could find additional resistance in the EMA50 moving average around the 69.00 level.

The post SafeMoon and Litecoin: Litecoin slipped below 65.00 again appeared first on FinanceBrokerage.

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