Connect with us

Hi, what are you looking for?

Economy

SafeMoon and Litecoin: Litecoin pauses at the 85.00 level

Litecoin Price Might Reach New Highs, Analysts Believe - Finance Brokerage

SafeMoon and Litecoin: Litecoin pauses at the 85.00 level

  • The price of SafeMoon continues its bullish consolidation, climbing to the 0.0001800 level yesterday.
  • The growth of Litecoin was stopped yesterday at the $85.00 level.

SafeMoon chart analysis

The price of SafeMoon continues its bullish consolidation, climbing to the 0.0001800 level yesterday. From that level, we see a bearish consolidation and pullback to support at the 0.0001760 level. We are now managing to hold above that support level and recovering to the 0.0001775 level. We need a continuation of the positive consolidation in order to continue the previous bullish trend. Potential higher targets are the 0.0001800 and 0.0001810 levels.

We need a negative consolidation and pullback to the 0.0001750 level for a bearish option. Thus, we would fall below the EMA50 moving average, which would further strengthen the bearish pressure. Potential lower targets are the 0.0001740 and 0.0001730 levels.

Safemoon chart analysis

Litecoin chart analysis

The growth of Litecoin was stopped yesterday at the $85.00 level. The price begins to retreat from that level, and the additional resistance at the 85.00 level is the EMA50 moving average. We are now holding at the 83.90 level and expect to see a continuation to the bullish side and a new visit to the previous resistance. A price break above 85.00 would mean a slightly longer recovery and climb to higher levels. Potential higher targets are 86.00 and 87.00 levels.

We need a negative consolidation and pullback to the 83.00 level for a bearish option. Then, we need a breakout below to support the bearish option. Potential lower targets are 82.00 and 81.00 support levels.

Litecoin chart analysis

The post SafeMoon and Litecoin: Litecoin pauses at the 85.00 level appeared first on FinanceBrokerage.

You May Also Like

Financial News

McCarthy’s Speakership Hangs in the Balance as House Greenlights Stopgap Funding Bill: A Defining Moment Looms In a stunning turn of events, the future...

Financial News

Conservatives Call for GOP Candidates to Step Aside After Second Debate: A Call to Streamline the Republican Race In a surprising turn of events,...

Financial News

Poll Unveils GOP Primary Voters’ Resounding Verdict on Best Republican Debate Performance In the midst of a heated Republican primary race, the GOP primary...

Financial News

21 House Republicans Take a Stand Against McCarthy’s Stopgap Funding Bill, Stirring Government Shutdown Concerns In a surprising turn of events, a group of...