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 is still in a bearish trend

SafeMoon and Litecoin: Litecoin is still in a bearish trend

The price of SafeMoon continues its sideways consolidation for the tenth day in a row
The Litecoin price continued today with this week’s bearish consolidation

SafeMoon chart analysis

The price of SafeMoon continues its sideways consolidation for the tenth day in a row. This week’s support level is 0.00003050. The price is under more pressure as it is below the EMA 200 moving average. This could reinforce the bearish momentum and retest the support level. Falling below the 0.00003050 level, we move to a new weekly low. With that step, we will confirm the bearish option for further continuation towards lower levels.

Potential lower targets are 0.00003000 and 0.00002900 levels. For a bullish option, we need positive consolidations of SafeMoon above EMA 200 and 0.00003200. Then, we need to hold up there in order to create a position to continue to the bullish side. Potential higher targets are 0.00003300 and 0.00003400 levels.

 

Litecoin chart analysis

The Litecoin price continued today with this week’s bearish consolidation. Last night, we saw a pullback to $62.03, a new weekly low. After that, we tried to recover, but we encountered resistance at the $64.80 level. The EMA 200 moving average created additional pressure in that zone, and the price had to retreat. We are now at $63.25 and expect a new visit to the previous low.

There are potential lower targets at $62.00 and $61.00 levels. However, for a bullish option, we need a positive consolidation of the Litecoin price above the $65.00 level. If we manage to skip the EMA 200 and get its support, we can expect the growth of bullish momentum and, thus, the price of Litecoin. Potential higher targets are $66.00 and $67.00 levels, indicating the potential for significant growth.

 

The post SafeMoon and Litecoin: Litecoin is still in a bearish trend 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