SafeMoon and Litecoin: Litecoin could fall to a 100.00 price
- The SafeMoon price continues a five-day bullish trend.
- Last week we saw a big recovery in the price of Litecoin from 81.77 to 115.00.
SafeMoon chart analysis
The SafeMoon price continues a five-day bullish trend. This morning we saw the price jump to the 0.0001919 level. SafeMoon encounters resistance at that level and makes a pullback to the 0.0001850 support level. Currently, the decline has been stopped, and we see a slight recovery to the 0.0001860 level.
For a bullish option, we need a positive consolidation and a move to the 0.0001900 level before going higher. Potential higher targets are the 0.0001950 and 0.0002000 levels. For a bearish option, we need a break below the 0.0001850 level with an eye on the 0.0001800 support level. Additional support at that level is in the EMA50 moving average. A break below it could determine the bearish trend of Safemoon’s price in the longer term.
Litecoin chart analysis
Last week we saw a big recovery in the price of Litecoin from 81.77 to 115.00. Yesterday, a new high was formed at the 115.00 level, from which the price started a new pullback with the 105.00 support level. In the last 24 now, the price has been in a bearish trend, and if we break the support, we could visit the 100.00 level. Additional support in that zone is the EMA50 moving average, and it could provide us with support and stop further declines.
We need a positive consolidation and a move above the 110.00 level for a bullish option. Then we need to hold ourselves up there before going even higher. Potential higher targets are 115.00 and 120.00 levels. The previous time we were in the zone around 120.00 levels was in April.
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