Connect with us

Hi, what are you looking for?

Economy

SafeMoon and Litecoin: Litecoin fell to $68.93 this morning

SafeMoon and Litecoin: Litecoin fell to $68.93 this morning

SafeMoon’s price stabilized above the 0.00002900 level yesterday. 
Yesterday, the price of Litecoin fell below the EMA200 moving average support.

SafeMoon’s price stabilized above the 0.00002900 level yesterday. The positive consolidation pushed the price to a new weekly high at 0.00003437. We stayed there for a short time, as a quick pullback below the 0.00003185 level followed. With that step, the price returned below the EMA200 and the weekly open price. Today’s movement is calm in the 0.00002900-0.00003070 range.

A mild bullish picture could trigger a new impulse and move us close to the previous resistance again. Potential higher targets are 0.00003300 and 0.00003400 levels. For a bearish option, we need a negative consolidation and a drop below the 0.00002900 level. SafeMoon will again be able to test the weekly low at the 0.00002850 level. Potential lower targets are the 0.00002800 and 0.00002700 levels.

 

Litecoin chart analysis

Yesterday, the price of Litecoin fell below the EMA200 moving average support. That step signaled a potential shift to the bearish side, which came true in the following hours. After a retest at the $75.00 level, the price started a bearish consolidation and broke the support at the $73.00 level. This morning, we had a strong bearish impulse and a drop below the $70.00 level to $68.93.

Litecoin first managed to stop there and gain support resulting in a recovery to $70.50. We had no further strength and the price turned again to the bearish side. Potential lower targets are $68.50 and $68.00 levels. We need a positive consolidation and growth to the $71.00 level for a bullish option. After that, the price must try to stay there in order to have a chance to start a further recovery. Potential higher targets are $71.50 and $72.00 levels.

 

The post SafeMoon and Litecoin: Litecoin fell to $68.93 this morning 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Your email address will not be published.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

    Latest iteration of the Communications Service Provider (CSP) IoT Peer Benchmarking report from the world’s leading IoT analyst firm identifies the key trends shaping...

    Latest News

    Few congressional Democrats could muster a defense of President Joe Biden’s halting debate performance Thursday, opting instead to criticize former President Donald Trump for...

    Stock

    A bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars’ worth of the token to users — and...

    Stock

    An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three...

    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