SafeMoon and Litecoin: SafeMoon slips below 0.0001800
- Today we see continued pressure on SafeMoon’s price.
- This week we see a recovery in Litecoin after last week’s pullback.
SafeMoon chart analysis
Today we see continued pressure on SafeMoon’s price. We are still at the 0.0001800 support level. The price has been in a bearish trend since the beginning of the month with the 0.0002400 level, which represents a drop of 25.0%. If we fail to hold here, the expected scenario is a continuation down and the formation of the next low.
Potential lower targets are the 0.0001750 and 0.0001700 levels. We need a positive consolidation and a move above the 0.0001850 level for a bullish option. Then it is also necessary to maintain our position above in order to stabilize there and start the continuation of the recovery.
Potential higher targets are 0.0001900 and 0.0001950 levels. We also have additional pressure at 0.0001950 on the EMA50 moving average.
Litecoin chart analysis
This week we see a recovery in Litecoin after last week’s pullback. The price rose from 75.21 to 78.50 level. If the positive consolidation continues, we could expect to see continued recovery and a return to higher levels. The next goal is to get back above the 80.00 level and try to hold up there.
Potential higher targets are 82.00 and 84.00 levels. We need a negative consolidation and pullback to the 75.00 support level for a bearish option. A fall below would lead to the formation of a new low, and the potential lower targets are the 74.00 and 73.00 levels.
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