Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

SafeMoon and Litecoin: SafeMoon trying to break 0.00006000

SafeMoon and Litecoin: SafeMoon trying to break 0.00006000

SafeMoon price managed to reach 0.00006000 levels this morning. 
Litecoin is still in the zone around $80.00, trying to secure a better position to continue to the bullish side.

SafeMoon chart analysis

SafeMoon price managed to reach 0.00006000 levels this morning. For now, we have resistance in that zone, and we are gently descending to support at the 0.00005500 level. Here, we come across the EMA50 moving average and hope for its support. We are also testing the weekly open price and must hold above it if we want to see a continuation to the bullish side.

Potential higher targets are 0.00006500 and 0.00007000 levels. In the zone around 0.00007000, we come across the EMA200 moving average, and there, we expect greater resistance to our bullish trend. For a bearish option, we need a pullback below the 0.00005000 level. Below, we enter the critical zone because, below 0.00004500, we are going to a new weekly low. Potential lower targets are 0.00004000 and 0.00003500 levels.

Litecoin chart analysis

Litecoin is still in the zone around $80.00, trying to secure a better position to continue to the bullish side. We are currently at $79.40 and sitting on the EMA50 moving average. This morning, we climbed to $81.00, meeting resistance and now in a pullback. It is possible that we will go lower to form a new bottom. Potential lower targets are the $78.00 and $77.00 levels.

We need a new test of the $81.00 resistance level for a bullish option. Then, with a new impulse, we go up to a new three-day high. With that step, we strengthen the optimism that Litecoin has the strength to start a further recovery. Potential higher targets are $81.50 and $82.00 levels. The EMA200 moving average is up even higher at the $84.50 level.

The post SafeMoon and Litecoin: SafeMoon trying to break 0.00006000 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