Economy

SafeMoon and Litecoin: SafeMoon rose to 0.0000570 last night

SafeMoon and Litecoin: SafeMoon rose to 0.0000570 last night

Yesterday’s bullish consolidation pushed the price of SafeMoon to the 0.00005700 level. 
Over the weekend, the price of Litecoin rose to the $94.88 level. 

SafeMoon chart analysis

Yesterday’s bullish consolidation pushed the price of SafeMoon to the 0.00005700 level. With that jump, we returned to the levels of December 2023. The jump stops there, and the price returns to the 0.00003830 level. We now stand above the EMA200 moving average, reinforcing the optimism that SafeMoon has the strength to make a new concrete bullish breakthrough.

The current price is 0.00004400, and we would need to move above 0.00004600 and hold above that level to have a chance to continue to the bullish side. Potential higher targets are the 0.00004800 and 0.00005000 levels. We need a pullback to the EMA200 and the 0.00003800 levels for a bearish option. By breaking below this support, we return to the bearish side with the potential formation of a new price low. For now, we are on the bullish side.

Litecoin chart analysis

Over the weekend, the price of Litecoin rose to the $94.88 level. At that place, we formed a new high for this year so far. After that, we saw a bearish impulse to the $85.00 level. With the new support, the price starts a recovery and stabilizes above the $90.00 level. This week, the price is under slight pressure and only managed to reach the $92.70 level. This morning, we saw a new bearish impulse to $85.00, which hints at a potential bearish trend.

We are currently at $90.00 and trying to hold above to initiate a positive consolidation. By jumping to the $92.00 level, we would initiate the first step towards further recovery. Then, we also need to maintain ourselves above that level. After that, we are ready to proceed to the bullish side. Potential higher targets are $93.00 and $94.00 levels.

The post SafeMoon and Litecoin: SafeMoon rose to 0.0000570 last night appeared first on FinanceBrokerage.

You May Also Like

Editor's Pick

ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

Investing

Democratic Gov. Janet Mills on Wednesday vetoed a bill aimed at prohibiting foreign influence in Maine elections, but voters will get the final say...

Latest News

There were several reasons offered in support of the congestion pricing plan that was supposed to go into effect in New York at the...

Latest News

House Speaker Mike Johnson (R-La.) on Wednesday appointed Reps. Scott Perry (R-Pa.) and Ronny Jackson (R-Tex.), two Trump loyalists who denied the results of...

Disclaimer: realinvestmentstar.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 realinvestmentstar.com