SafeMoon and LItecoin: Litecoin stopped at $106.00 yesterday
The SafeMoon price jumped to 0.00015610 on Friday, forming a new April high there. The price of Litecon rose to $106.00 on Monday.SafeMoon chart analysis
The SafeMoon price jumped to 0.00015610 on Friday, forming a new April high there. We stopped there and moved back down to the 0.00010000 support level. Additional support at that level is the EMA200 moving average. This week the price is moving in the 0.00010000-0.00012000 range. We manage to stay above the moving average, but we test it more and more often. It could have a negative effect by increasing the pressure on that level.
A drop below would shake the SafeMoon, and we would find ourselves at a new weekly low. Potential lower targets are the 0.00009000 and 0.00008000 levels. We need a return above the 0.00012000 resistance level for a bullish option. Then we need to stay up there. With the formation of a new bottom, we will have a good position for further continuation to the bullish side. Potential higher targets are the 0.00013000 and 0.00014000 levels.
Litecoin chart analysis
The price of Litecon rose to $106.00 on Monday. After forming the weekly high, we started a pullback to $103.00, and after a short consolidation, we broke below this support. The negative consolidation continued this morning, and Litecoin fell to the $68.25 level, forming a new weekly low there. We are under stronger bearish pressure, now below the EMA200 moving average.
Litecoin is now looking for new support to stop this pullback. Potential lower targets are $97.00 and $96.00 levels. We need to get back above the EMA200 and the $101.00 level for a bullish option. After that, we need to stay there in order to start a positive consolidation and start bullish growth. Potential higher targets are $102.00 and $103.00 levels.
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