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: SafeMoon is holding above the EMA 200

SafeMoon and Litecoin: SafeMoon is holding above the EMA 200

The price of SafeMoon climbed to a new weekly high on Tuesday at the 0.00004000 level
Litecoin price has been in a mild bullish consolidation since Monday

SafeMoon chart analysis

The price of SafeMoon climbed to a new weekly high on Tuesday at the 0.00004000 level. The joy was short-lived as we saw a pullback below the 0.00003000 level. On Wednesday, the price continued to fall, gaining new support at 0.00002600 and the EMA 200 moving average. Soon after that, SafeMoon makes a new impulse and jumps to the 0.0000330 level. We meet resistance again and are forced into another pullback to 0.00002880. 

Price pressure is now to continue down to 0.00002600 and thus pull back below the EMA 200 moving average. Potential lower targets are the 0.00002400 and 0.00002200 levels. For a bullish option, we need positive consolidation and staying above the weekly open price. After that, SafeMoon could retest today’s high and try to climb to a new one. Potential higher targets are 0.00003400 and 0.00003600 levels.

 

Litecoin chart analysis

Litecoin price has been in a mild bullish consolidation since Monday. This morning, we climbed to the $62.50 level, a new weekly high. There, the price encountered the EMA 200 moving average, which did not allow us to move above. Litecoin makes a new retreat and goes down to the $61.80 level. Here, we are trying to get support from the EMA 50 moving average to stop further decline. If we fail to do so, we go below to a new daily low and continue the bearish consolidation.

Potential lower targets are the $61.50 and $61.00 levels. For a bullish option, we need a positive consolidation and a move back up to $62.50. We will again try to move above the EMA 200 and get its support to continue on the bullish side. Potential higher targets are the $63.00 and $63.50 levels.

 

The post SafeMoon and Litecoin: SafeMoon is holding above the EMA 200 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