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 in trouble below $70.00

SafeMoon and Litecoin: Litecoin in trouble below $70.00

SafeMoon price spent yesterday holding above 0.00003350 and the EMA200 moving average.
Litecoin’s price failed to hold above $70.00 yesterday, and we saw a drop below. 

SafeMoon chart analysis

SafeMoon price spent yesterday holding above 0.00003350 and the EMA200 moving average. It succeeded in doing so, but this morning, we saw pressure in that zone that pushed the price down to new support at the 0.00003300 level. We are currently seeing a bullish impulse to the 0.00003490 level and crossing the EMA200. We expect to see continued bullish consolidation above 0.00003500.

Potential higher targets are the 0.00003600 and 0.00003700 levels. We need a return below this morning’s support for a bearish option. With that, we would fall under bearish pressure to start a further pullback in search of a lower support level. Potential lower targets are 0.00003200 and 0.00003100 levels.

Litecoin chart analysis

Litecoin’s price failed to hold above $70.00 yesterday, and we saw a drop below. At $71.00, a strong bearish impulse followed and a pullback to the $67.50 level. After that, we saw a recovery attempt that stopped at $69.97. This was a sign to us that Litecoin did not have the strength to break above. Then, the price starts a bearish consolidation, falling again to the $67.50 support level.

Potential lower targets are $67.00 and $66.50 levels. Once again, we find support at $67.50 and start a bullish consolidation, climbing above the $68.00 level. We would have to move above $69.00 if we want to see a more concrete recovery. Potential higher targets are $69.50 and $70.00 levels.

The post SafeMoon and Litecoin: Litecoin in trouble below $70.00 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