Connect with us

Hi, what are you looking for?

Economy

SafeMoon and Litecoin: Litecoin falls to the $78.39 level

SafeMoon and Litecoin: Litecoin falls to the $78.39 level

This week’s bullish consolidation of SafeMoon was stopped yesterday at the 0.00005739 level.
Litecoin’s price returned below $80.00 yesterday. 

SafeMoon chart analysis

This week, the bullish consolidation of SafeMoon, which had been gaining momentum, was abruptly halted at the 0.00005739 level. This marked a significant shift in the market sentiment, triggering a bearish consolidation this morning. As a result, we have now pulled back below the EMA200 moving average and are currently at the 0.00005500 level, below the weekly open price, indicating a negative trend. We anticipate a further pullback and the formation of a new daily low.

Potential lower targets are the 0.00005400 and 0.00005300 levels. We need to go back above the EMA200 and the 0.00005700 levels for a bullish option. Then, it is necessary to maintain the above in order to get the floor of the moving average for further recovery. Potential higher targets are 0.0005800 and 0.00005900 levels.

Litecoin chart analysis

Litecoin’s price experienced a significant shift yesterday, falling below $80.00. This was followed by a bearish consolidation that pushed the price down to the $78.39 level. Although the fall has halted, we are still operating within this zone. This morning, we saw a recovery attempt that was short-lived, stopping at the $79.00 level. Subsequently, the price pulled back to $78.50, exerting pressure on the weekly low. This suggests that we could soon witness an impulse that would lead to a new lower low.

Potential lower targets are $78.00 and $77.50 levels. We need a positive consolidation above the $79.00 level for a bullish option. After that, we need to continue to the $79.50 level. There, we are approaching the EMA50 at the $79.85 level, and we need a transition above to a more concrete recovery. Potential higher targets are $80.00 and $80.50 levels. EMA200 is in the $81.00 zone.

The post SafeMoon and Litecoin: Litecoin falls to the $78.39 level appeared first on FinanceBrokerage.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Visitors at embedded world Exhibition & Conference, Nuremberg, to discover how to unleash configurable, customisable, trainable chatbot for business performance improvement. SECO, a global...

    Editor's Pick

    Internet of Things, or IoT, is no longer just about smart homes and wearable tech, it rather marks a profound new shift in the...

    Editor's Pick

    In today’s fast-paced business landscape, compliance with regulations and standards is paramount. Failing to meet these requirements can result in hefty fines, damaged reputations,...

    Stock

    Meme stocks are back. One day after an account associated with the phenomenon posted for the first time in years on the X social...

    Disclaimer: Financetimereport.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Financetimereport.com