Economy 20-03-2024 10:22 7 Views

SafeMoon and Litecoin: SafeMoon getting closer to 0.00004000

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SafeMoon and Litecoin: SafeMoon getting closer to 0.00004000

  • Yesterday’s bullish consolidation attempt by SafeMoon was stopped at the 0.00004908 level. 
  • This morning, the price of Litecoin fell to a new low at the $76.96 level. 

SafeMoon chart analysis

Yesterday’s bullish consolidation attempt by SafeMoon was stopped at the 0.00004908 level. This is where we encounter resistance this morning and start pulling back to a new weekly low at the 0.00004131 level. We are again below the EMA200, which only makes SafeMoon more difficult and further away from the continuation to the bull’s side. Potential lower targets are 0.0000004000 and 0.0000003900 levels.

If we manage to get back above 0.00004700 and the EMA200 moving average, we will have a new opportunity to continue the bullish side with a new impulse. Potential higher targets are the 0.00004800 and 0.00005000 levels. This week’s high price of Safemoon was at the 0.00005600 level.

SafeMoon Chart Analysis

Litecoin chart analysis

This morning, the price of Litecoin fell to a new low at the $76.96 level. There, we formed a new weekly low and, from there, started a bullish consolidation up to the $81.00 level. Now, we are testing the EMA50 moving average, and we need a new impulse to move us above. Potential higher targets are the $82.00 and $83.00 levels. EMA200 is even higher in the zone around $86.00.

We need a pullback below the $78.00 support level for a bearish option. We are in a critical zone down there, and a drop below to a new low could easily happen. Potential lower targets are the $76.00 and $75.00 levels.

LiteCoin Chart Analysis

 

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