Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

SafeMoon and Litecoin: Litecoin rises above 77.00 level

SafeMoon and Litecoin: Litecoin rises above 77.00 level

SafeMoon’s price bounced yesterday, making a jump to the 0.00005200 level.
The price of Litecoin came in yesterday to make a break above 75.00, forming a new high at the 77.31 level.

SafeMoon chart analysis

SafeMoon’s price bounced yesterday, making a jump to the 0.00005200 level. We were briefly above the EMA50 moving average, as a new pullback to support at the 0.00004600 level followed. We are currently still below the EMA50, and the price remains under pressure but is holding above the 0.00004600 level. A break below is needed as we would see a continuation of the previous bearish consolidation. Potential lower targets are the 0.00004400 and 0.00004420 levels.

We need to go back above the 0.00005000 level for a bullish option. Then we need to hold up there because we would get the EMA50 moving average floor. It would have a positive effect if we see a recovery and an increase in the price of SafeMoon. Potential higher targets are the 0.00005200 and 0.00005400 levels.

Litecoin chart analysis

The price of Litecoin came in yesterday to make a break above 75.00, forming a new high at the 77.31 level. We are encountering resistance in that zone, and the price has retreated to support at the 75.00 level. Resistance becomes support, and we are moving into a bullish consolidation that takes us above the 77.00 level. Potential higher targets are 77.50 and 78.00 levels.

We need a negative consolidation and pullback below the 75.00 level for a bearish option. Then, we would have to stay there below to get confirmation of bearish pressure. After that, we can expect to see a pullback and price drop to lower levels. Potential lower targets are 74.50 and 74.00 levels. EMA50 moving average is in the zone around 73.50 levels.

 

The post SafeMoon and Litecoin: Litecoin rises above 77.00 level 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

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

    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...

    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...

    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...

    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