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SafeMoon and Litecoin: Litecoin retreats below 90.00

Started by PocketOption, May 31, 2023, 02:13 pm

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PocketOption

SafeMoon and Litecoin: Litecoin retreats below 90.00

Litecoin Transactions Booms as LiteBringer Game Launches - Finance Brokerage

SafeMoon and Litecoin: Litecoin retreats below 90.00



  • The price of SafeMoon has had a slight daily pullback compared to other cryptocurrencies. 

  • Litecoin fell below the 90.00 level this morning. 


SafeMoon chart analysis


The price of SafeMoon has had a slight daily pullback compared to other cryptocurrencies. A two-day low was formed at the 0.0002400 level. For now, we are holding above that level, although we could visit the 0.0002300 level before going bullish again. We have additional support at the 0.0002300 level in the EMA50 moving average.


In this way, we would also confirm last week’s support zone. Potential higher targets are the 0.0002600 and 0.0002700 levels. We need a negative consolidation and a drop below the EMA50 moving average for a bearish option. After that, we can expect an increase in bearish pressure and a further fall in the price of SafeMoon.


SafeMoon chart analysis


Litecoin chart analysis


Litecoin fell below the 90.00 level this morning. It was followed by a strong bearish impulse from 93.00 levels, which dropped all the way to 88.38 levels. We are back above the 89.00 level, but still unable to climb above the 90.00 level. At that point, we have additional pressure on the price in the EMA50 moving average.


For a bearish option, we need a negative consolidation and a drop to the 88.00 level. It could be the next critical point for the future trend. Potential lower targets are 87.00 and 86.00 levels.


Litecoin chart analysis


 


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