SafeMoon and LItecoin: SafeMoon is slowly waking up

SafeMoon chart analysis

Over the weekend, the price of SafeMoon retreated from 0.00003300 to 0.00002850. After the formation of this low, the price stabilized in that zone and initiated a bullish consolidation. Monday was quite quiet, and the movement is taking place in a narrow range of 0.00002900-0.00003000. At the beginning of Tuesday, the bullish momentum began to strengthen. We immediately saw an impulse to the 0.00003484 level.

After that, the price moves back down to initiate a stable bullish consolidation. That happened, and SafeMoon is now at the 0.00003318 level. On a positive note, we have crossed the EMA 200 moving average and have its support to continue to the bullish side. Potential higher targets are 0.00003400 and 0.00003500 levels. We need a negative consolidation and a break below the EMA 200 and 0.00003100 for a bearish option. This tells us that we have lost the bullish momentum and that a pullback to the bearish side will follow. Potential lower targets are the 0.00002900 and 0.00002800 levels.

Litecoin chart analysis

The Litecoin price dropped to $56.76 on Friday. With this drop, we are down to the November 2022 Litecoin value. After a short consolidation, the price managed to stabilize and start a recovery. On Saturday, a new high was formed at the $65.50 level. On Sunday, new volatility takes us back below the $60.00 level. The price is starting a new bullish recovery after forming a new low at $59.24 on Monday.

We managed to break above the weekend high and form a new one at the $67.10 level. Today’s movement is quite stable in the $64.00-$66.00 range. A slight bullish consolidation suggests that we are slowly recovering. Potential higher targets are $66.00 and $68.00 levels. We will have additional resistance in the EMA 200 moving average in the $67.00 zone.

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