Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News

Economy

SafeMoon and Litecoin: Litecoin slides towards the 90.00

SafeMoon and Litecoin: Litecoin slides towards the 90.00

In the last 24 hours, SafeMoon has been in a pullback after falling below the EMA50 moving average.
The price of Litecoin has once again retreated below the 100.00 level.

SafeMoon chart analysis

In the last 24 hours, SafeMoon has been in a pullback after falling below the EMA50 moving average. This morning, we went down to the 0.0001750 level, forming this week’s low at that point. Now, we see a small recovery to 0.0001780, but we remain under bearish pressure. There is a high probability that we will see a continuation of the decline and the formation of a new low. Potential lower targets are the 0.0001725 and 0.0001700 levels.

We need a positive consolidation and a rise to the 0.0001850 level for a bullish option. Thus, we would jump above the EMA50 moving average, which would be characterized positively and could push the price of SafeMoon. Potential higher targets are the 0.0001875 and 0.0001900 levels.

Litecoin chart analysis

The price of Litecoin has once again retreated below the 100.00 level. On Friday, there was a breakout below that level and below the EMA50 moving average. From that moment, the price of Litecoin began to retreat. Yesterday, we fell below 90.00, forming a low at 89.28. After that, we quickly returned above 90.00, and the growth was stopped at the 93.00 resistance level.

From there, the Litecoin price starts a new pullback and retreats to the 91.00 support level. If this week’s consolidation continues, the price will fall to a new low. Potential lower targets are 89.00 and 88.00 levels. We need a new positive consolidation and a price return above the 93.00 level for a bullish option. Then, we must stay up there and, with a new impulse, we will start recovery. Potential higher targets are 94.00 and 95.00 levels.

 

The post SafeMoon and Litecoin: Litecoin slides towards the 90.00 appeared first on FinanceBrokerage.

Trending

You May Also Like

Latest News

A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

Stock

Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

Latest News

Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

Latest News

President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

Disclaimer: Oracleofomahasays.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 Oracleofomahasays.com