Connect with us

Hi, what are you looking for?

Economy

SafeMoon and Litecoin: Litecoin is holding above $85.00

SafeMoon and Litecoin: Litecoin is holding above $85.00

Yesterday’s attempt by the SafeMoon price to move above the EMA200 and 0.00004900 levels ended unsuccessfully.
The price of Litecoin climbed to a new high this morning at the $85.53 level. 

SafeMoon chart analysis

Yesterday’s attempt by the SafeMoon price to move above the EMA200 and 0.00004900 levels ended unsuccessfully. Last night, we saw another pullback below the EMA200, which only increased the pressure on the price to go into a pullback. This brings us down to the 0.00004480 level, forming a new daily low. We are now at 0.00004565 and recovering slightly, moving out of the support zone.

Potential lower targets are the 0.00004400 and 0.00004300 levels. We need a positive consolidation and a move back up to 0.00004800 for a bullish option. This moves us back above the EMA200 moving average, and we expect to see a move to the bullish side. Potential higher targets are 0.00004900 and 0.00005000 levels.

 

Litecoin chart analysis

The price of Litecoin climbed to a new high this morning at the $85.53 level. We stop there and make a pullback to support at the $84.50 level. A new impulse from that level raises the price again above $85.00, returning it to the bullish side. Potential higher targets are $85.50 and $86.00 levels. A rise to $86.00 will form a new weekly high.

For a bearish option, we need a negative consolidation and a new pullback to $84.50, the previous support level. A drop below will form a new daily low and thus increase the pressure on Litecoin. After that, we expect to see a further pullback and a visit to lower support levels. Potential lower targets are $84.00 and $83.50 levels.

 

The post SafeMoon and Litecoin: Litecoin is holding above $85.00 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Your email address will not be published.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

    Latest News

    Manhattan District Attorney Alvin Bragg signaled Friday that he is willing to testify about his prosecution of former President Donald Trump — but not...

    Editor's Pick

    GlobalPlatform takes leading role in helping the IoT ecosystem address regulatory fragmentation and better understand, deploy and promote security. In response to the growing...

    Stock

    Spotify is increasing its prices in the United States for many of its subscription plans. In a statement on its website, the audio streaming...

    Economy

    A Step-by-Step Guide to Panama Company Formation In the business world, Panama is recognized as a tax haven and a popular destination for setting...

    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