Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Economy

Safemoon and Litecoin: Litecoin has new support at $74.00

Safemoon and Litecoin: Litecoin has new support at $74.00

SafeMoon’s price pulled back yesterday after testing the weekly open price. 
The price of Litecoin yesterday retreated from the $76.44 level to the $72.65 level of support. 

SafeMoon chart analysis

SafeMoon’s price pulled back yesterday after testing the weekly open price. This was followed by a pullback to support at the 0.00003350 level. There, we consolidate and move above the EMA200 and rise to the 0.00003650 level. We are back above the EMA200 again and expect to stay above it to trigger further recovery. Potential higher targets are the 0.00003800 and 0.00003900 levels.

By breaking above the 0.00003900 level, SafeMoon would be significantly relieved of bearish pressure, and a jump and testing of last week’s high at the 0.00004200 level could occur. For a bearish option, it needs a negative consolidation and a drop to the 0.000003350 support level. With that move, we would again fall below the EMA200, which further strengthens the bearish pressure. Potential lower targets are the 0.00003200 and 0.00003100 levels.

Litecoin chart analysis

The price of Litecoin yesterday retreated from the $76.44 level to the $72.65 level of support. There, we get new support and form a higher low, from which we start a bullish consolidation and return above the $75.00 level. We are now at $75.90 and could soon move above the $76.00 level. We are close to yesterday’s high and on the verge of forming a new one. Potential higher targets are $77.00 and $77.50 levels.

For a bearish option, a price pullback below the $74.00 level would indicate that we are moving away from the weekly high. This further pressures the price to make the next bearish move and slip below the $73.00 level. Potential lower targets are $72.00 and $71.00 levels. The EMA200 moving average is in the zone around the $70.00 level.

 

The post Safemoon and Litecoin: Litecoin has new support at $74.00 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

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.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 smartsuccessstrategy.com