SafeMoon and Litecoin: Litecoin slides towards the 90.00
In the last 24 hours, SafeMoon has been in a pullback after falling below the EMA50 moving average. The price of Litecoin has once again retreated below the 100.00 level.SafeMoon chart analysis
In the last 24 hours, SafeMoon has been in a pullback after falling below the EMA50 moving average. This morning, we went down to the 0.0001750 level, forming this week’s low at that point. Now, we see a small recovery to 0.0001780, but we remain under bearish pressure. There is a high probability that we will see a continuation of the decline and the formation of a new low. Potential lower targets are the 0.0001725 and 0.0001700 levels.
We need a positive consolidation and a rise to the 0.0001850 level for a bullish option. Thus, we would jump above the EMA50 moving average, which would be characterized positively and could push the price of SafeMoon. Potential higher targets are the 0.0001875 and 0.0001900 levels.
Litecoin chart analysis
The price of Litecoin has once again retreated below the 100.00 level. On Friday, there was a breakout below that level and below the EMA50 moving average. From that moment, the price of Litecoin began to retreat. Yesterday, we fell below 90.00, forming a low at 89.28. After that, we quickly returned above 90.00, and the growth was stopped at the 93.00 resistance level.
From there, the Litecoin price starts a new pullback and retreats to the 91.00 support level. If this week’s consolidation continues, the price will fall to a new low. Potential lower targets are 89.00 and 88.00 levels. We need a new positive consolidation and a price return above the 93.00 level for a bullish option. Then, we must stay up there and, with a new impulse, we will start recovery. Potential higher targets are 94.00 and 95.00 levels.
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