Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

SafeMoon and Litecoin: Litecoin breaks above $63.00

SafeMoon and Litecoin: Litecoin breaks above $63.00

SafeMoon price is pulling back after this morning’s attempt to break the 0.0001330 level.
The Litecoin price broke above the $60.00 level yesterday and initiated a bullish consolidation.

SafeMoon chart analysis

SafeMoon price is pulling back after this morning’s attempt to break the 0.0001330 level. We are now looking for support at the 0.0001290 level. Today’s bearish pressure could lead to continued pullbacks and testing of previous support levels. Potential lower targets are the 0.0001270 and 0.0001250 levels.

We need a positive consolidation and a new jump to the 0.0001330 level for a bullish option. Then we need a breakthrough below that level and to try to hold above there in order to stabilize there. With a new impulse, we could start a further recovery on the bullish side. Potential higher targets are the 0.0001340 and 0.0001350 levels. The EMa50 moving average awaits us in the zone around 0.0001360 levels.

Litecoin chart analysis

The Litecoin price broke above the $60.00 level yesterday and initiated a bullish consolidation. This morning, we saw the formation of a new high at $63.10, and for now, we have resistance at that level. The price then pulled back to $62.00, where it found new support and turned to the upside again. We are currently at $62.50 and could expect to see a continuation of the bullish consolidation. Potential higher targets are $63.50 and $64.00 levels.

We need a negative consolidation and price pullback below the $62.00 support level for a bearish option. Additional support in that zone is the EMA50 moving average, and with a breakout below, we would confirm the bearish scenario. Potential lower targets are the $61.00 and $60.00 previous support levels.

 

The post SafeMoon and Litecoin: Litecoin breaks above $63.00 appeared first on FinanceBrokerage.

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

    Investing

    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

    Investing

    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

    Stock

    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    Disclaimer: thefreedomright.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 © 2020-2024 The Freedom Right. All Rights Reserved