SafeMoon and Litecoin: Litecoin drops to 58.00 last nightSafeMoon’s price continues the bearish trend to the 0.0001300 level. The Litecoin price slipped to $57.64 yesterday, forming a new lower low.
SafeMoon chart analysis
SafeMoon’s price continues the bearish trend to the 0.0001300 level. We have formed a new low, and there are great chances to see a continuation of the bearish side and the formation of a new low. Potential lower targets are the 0.0001280 and 0.0001260 levels.
We need a positive consolidation and stabilization above the 0.0001320 level. After that, we could expect to see the price recover and climb higher. Potential higher targets are 0.0001340 and 0.0001360 levels. We will have additional resistance in the EMA50 moving average at 0.0001380.
Litecoin chart analysis
The Litecoin price slipped to $57.64 yesterday, forming a new lower low. We stayed down there for a short time, and the price started a new bullish consolidation that brought us back above the $60.00 level. Litecoin is now advancing towards the $61.00 level, and we could see a continuation to the bullish side and further price recovery. Potential higher targets are $62.00 and $64.00 levels. In the zone around the $62.00 level, we encounter the EMA50 moving average.
We need a negative consolidation and a new price pullback to the $58.00 level for a bearish option. Below, we would be under pressure to make a breakout below and trigger a further pullback in Litecoin. Potential lower targets are $57.00 and $56.00 levels.
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