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Cryptocurrencies Price Prediction: SafeMoon, Litecoin and Polkadot – European Wrap 8 September

Cryptocurrencies Price Prediction: SafeMoon, Litecoin and Polkadot – European Wrap 8 September
FXStreet TeamFXStreet TeamFXStreet

SafeMoon price breaches crucial support level, 35% correction on horizon

SafeMoon price has been on a massive downswing since August 28, indicating weak holders. Although the recent crash has sliced through multiple support levels, SAFEMOON shattered a critical support level on September 6. This move could trigger more losses for the altcoin.

SAFEMOON/USDT 1-day chart

Litecoin Price Prediction: LTC walks on thin ice as directional bias disappears

Litecoin price has faced the brunt of the collapsing market as it sliced crucial support levels. However, LTC is currently above another key demand barrier, which will decide the altcoin’s near future, i.e., if it will head higher or lower.

LTC/USDT 1-day chart

Analysts believe Polkadot price will surpass $100 with the launch of parachains

Over 1.7 million KSM tokens are locked for parachains and crowd loans. The cross-chain protocol Polkadot will soon operate relay chains and parachains. 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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