SafeMoon and Litecoin: Litecoin slides towards 85.00
The price of SafeMoon has been in a slightly bullish trend for the past three days. Litecoin price continues to slip below the 90.00 level.SafeMoon chart analysis
The price of SafeMoon has been in a slightly bullish trend for the past three days. We see the formation of new higher lows, and now we are at the 0.0001755 level. Additional support is found in the EMA50 moving average, and we could expect to move above the 0.0001780 level. Then, we need to try to hold up there in order to move towards the 0.0001800 level. Potential higher targets are the 0.0001820 and 0.0001840 levels.
We need a negative consolidation and pullback below the 0.0001740 level for a bearish option first. After that, we could go down to the 0.0001720 support level. Potential lower targets are the 0.0001700 and 0.0001680 levels.
Litecoin chart analysis
Litecoin price continues to slip below the 90.00 level. Today’s low was at the 85.48 level. For now, we managed to stay above it and recover slightly to 86.30. We need a stronger bullish impulse that would move us higher and away from the previous low. It would be desirable to reach the 88.00 level and try to stay at that level.
If we succeeded, we would have an opportunity for further recovery. Potential higher targets are 89.00 and 90.00 levels. We need a negative consolidation and price pullback below the 85.00 level for a bearish option. Thus, we would fall to a new lower low; the potential lower targets are 84.00 and 83.00.
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