- SafeMoon price jumped to 0.00015610 on Friday, setting a new April high there.
- Litecon price rose to $106.00 on Monday.
SafeMoon chart analysis
SafeMoon price jumped to 0.00015610 on Friday, setting a new April high there. We stopped there and went back down to the 0.00010000 support level. Additional support at this level is the EMA200 moving average. This week the price is moving in the range of 0.00010000-0.00012000. We have managed to stay above the moving average, but we are testing it more and more. It may have a negative effect by increasing pressure at this level.
A drop below would shake SafeMoon, and we would find ourselves at a new weekly low. Possible lower targets are the 0.00009000 and 0.00008000 levels. We need to get back above the 0.00012000 resistance level to get a bullish option. Then we have to stay there. With a new low forming, we will be in a good position to continue to the upside. Possible higher targets are the 0.00013000 and 0.00014000 levels.
Litecoin chart analysis
Litecon price rose to $106.00 on Monday. After forming a weekly high, we started to pull back to $103.00, and after a short consolidation period, 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 downward pressure, which is now below the EMA200.
Litecoin is now looking for new support to stop this decline. Possible lower targets are $97.00 and $96.00 levels. We need to get back above the EMA200 and $101.00 to get a bullish option. After that, we need to stay there in order to initiate positive consolidation and start the upward growth. Possible higher targets are $102.00 and $103.00 levels.
