- SafeMoon price broke away from the previous uptrend by falling below 0.0001000 and the EMA200 last week.
- Litecoin's inability to return above the $100.00 level triggered the start of the pullback.
SafeMoon chart analysis
SafeMoon price broke away from the previous uptrend by falling below 0.0001000 and the EMA200 last week. Over the weekend, we saw a continuation of bearish consolidation and a decline on Sunday evening to the 0.00002687 level. After a promising run, April brings us a step back and a return to defense. On Monday, SafeMoon recovered to the 0.00006000 level and formed a daily high there.
From there, we begin bearish consolidation and move below the 0.00005000 level. The critical support level is 0.00004500. If we fall below this level, the price could easily head to a new low. Possible lower targets are 0.00004000 and 0.00003500 levels.
Litecoin chart analysis
Litecoin's inability to return above the $100.00 level triggered the start of the pullback. We saw the first bearish move on Friday, falling to the $80.00 level. After that, on Saturday we tried to hold around the $85.00 level, but the price made a new downward wave and fell to the $70.83 level. With this, we form a new lower low for last month. On Sunday, Litecoin rebounded and rose to the $83.00 level.
We stop there on Monday and make another break to support at $76.00. We are forming a higher low, and with positive consolidation, we rise to the $79.00 level. We need this consolidation to continue in order to move above the $80.00 level and begin a further recovery to the upside. Possible higher targets are $82.00 and $84.00 levels.
