Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Economy

SafeMoon and Litecoin: Litecoin retreats to the 63.00 level

SafeMoon and Litecoin: Litecoin retreats to the 63.00 level

SafeMoon price today continues yesterday’s sideways consolidation above the 0.0001350 level.
The price of Litecoin this morning visited the 63.00 level and thus formed the October low.

SafeMoon chart analysis

SafeMoon price today continues yesterday’s sideways consolidation above the 0.0001350 level. Yesterday, we saw several bullish impulses to the 0.0001400 level on several occasions, but we returned to the initial position very quickly. We could expect to see a similar picture on the chart today. We have been in a mild bullish consolidation for two weeks now and could expect to see a continued recovery in SafeMoon’s price. Potential higher targets are 0.0001370 and 0.0001380 levels.

We need a negative consolidation and a break below the 0.0001350 level for a bearish option. After that, the price should test the previous low at the 0.0001340 level. Additional support in that zone is in the EMA50 moving average. Potential lower targets are the 0.0001330 and 0.0001320 levels.

Litecoin chart analysis

The price of Litecoin this morning visited the 63.00 level and thus formed the October low. We received support at that level and started a bullish consolidation, now already at the 64.45 level. It is possible that we will see a continuation of this consolidation to the 65.00 level. In the zone around the 65.50 level, we encounter the EMA50 moving average, and we need a break above it for further recovery. Potential higher targets are 66.00 and 66.50 levels.

We need a negative consolidation and a new pullback to the 63.00 support level for a bearish option. A price break below would indicate the formation of a new low and the continuation of the pullback to the bearish side. Potential lower targets are 62.50 and 62.00 levels.

The post SafeMoon and Litecoin: Litecoin retreats to the 63.00 level 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

    Economy

    Bitcoin Rebounds to $69,000 Quick Look Bitcoin rebounds to $69,000, influenced by optimistic FR statements and anticipation of the halving event. FR officials’ comments...

    Latest News

    Donald Trump’s defense attorneys Wednesday asked the federal judge handling the government’s classified documents case to allow the former president and his legal team...

    Economy

    0xDistro ICO (DISTRO) is Live. What does it offer? In the world of decentralized finance, 0xDistro emerges as a promising project. It presented itself...

    Economy

    Великобритания вышла из рецессии с ростом на 0,6 %, опередив прогнозы Краткий обзор: Экономика Великобритании выросла на 0,6 % в первом квартале, превысив прогнозы...



    Disclaimer: alivebusinessplan.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 alivebusinessplan.com