Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

SafeMoon and Litecoin: Litecoin retreats below $65.00

SafeMoon and Litecoin: Litecoin retreats below $65.00

SafeMoon price pulled back to support at the 0.0001280 level yesterday.
Litecoin yesterday fell to a new seven-day low at $62.57.

SafeMoon chart analysis

SafeMoon price pulled back to support at the 0.0001280 level yesterday. From that level, we see the initiation of a bullish consolidation that continued today until the 0.0001320 level. If today’s consolidation continues, we could soon test yesterday’s high at 0.0001335. The price also has support in the EMA50 moving average, which further instils confidence in further recovery. Potential higher targets are 0.0001340 and 0.0001350 levels.

We need a negative consolidation and price pullback below the EMA50 and 0.0001310 levels for a bearish option. After that, we could expect to see a further pullback and a visit to lower support levels. Potential lower targets are 0.0001300 and 0.0001290 levels.

Litecoin chart analysis

Litecoin yesterday fell to a new seven-day low at $62.57. Fortunately, it quickly consolidated and climbed above the $63.50 level. After that, we see further positive consolidation with the formation of a high at the $65.00 level. Today, we tried again to break that level, but everything was unsuccessful, and Litecoin retreated to support at the $64.25 level.

The current pressure is in that zone, and a breakout below and a drop to the $64.00 level could occur. Then, we can expect the price to revisit previous lower support levels. Potential lower targets are $63.50 and $63.00 levels.

We need a positive consolidation and a new test of the $65.00 resistance level for a bullish option. A break above would indicate further progress to the bullish side. Potential higher targets are $65.50 and $66.00 levels.

The post SafeMoon and Litecoin: Litecoin retreats below $65.00 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