• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy SafeMoon and Litecoin: New Targets and Support Levels
Economy

SafeMoon and Litecoin: New Targets and Support Levels

by October 22, 2024
by October 22, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

SafeMoon and Litecoin: New Targets and Support Levels

SafeMoon’s price ended a four-day bearish consolidation on Sunday, October 20, at 0.00002754
The Litecoin price has been in a bearish trend since Saturday, October 19

SafeMoon chart analysis

SafeMoon’s price ended a four-day bearish consolidation on Sunday, October 20, at 0.00002754. After that, the price started to recover to the 0.00002900 level. There, we encountered a new resistance that brought us back to the zone of the previous low. After some consolidation at that level on Tuesday, October 22, SafeMoon initiates a new bullish consolidation to a new weekly high at 0.00002950.

The EMA 50 moving average now supports the price, and we are waiting for a bullish impulse to continue on the bullish side. Potential higher targets are 0.00003000 and 0.00003050 levels. The EMA 200 moving average in the 0.00003000 zone is an additional resistance and barrier. For a bearish option, SafeMoon should break below the EMA 50 and 0.00002850. With that step, we move below the weekly open level, strengthening the bearish pressure on the price to continue its retreat. Potential lower targets are 0.00002800 and 0.0002750 levels.

 

Litecoin chart analysis

The Litecoin price has been in a bearish trend since Saturday, October 19. On Monday, October 21, the price breaks the support at $74.00 and continues to the $70.00 level. Additional pressure is created by the EMA 200 moving average, which is now on the bearish side. Today’s movement is in the narrow range of $70.00-$71.00, and we can expect an impulse up or down soon. If the pressure on the support zone is too much, Litecoin will break below and form a new low.

Potential lower targets are $69.00 and $68.00 levels. For a bullish option, we need a break above the EMA 200 and $71.00. Then, the price must hold there if we want to see a continuation of the bullish side. With the return above $72.00, we get the support of the EMA 50 moving average, thus strengthening the bullish momentum. Potential higher targets are $73.00 and $74.00 levels.

 

The post SafeMoon and Litecoin: New Targets and Support Levels appeared first on FinanceBrokerage.

You Might Also Like
  • Nvidia Stock Hits Record High of $146.47
  • Senate Republicans prepare for long haul in fight over Ukraine, Israel aid
  • Fed Slows Pace of Rate Hikes
  • AOC lauds pro-Palestinian ‘activism,’ accuses US of aiding ‘gross’ human rights abuses in Gaza
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Microsoft to roll out new autonomous AI agents next month, fending off challenge from Salesforce
next post
ApeCoin and Akita Inu: ApeCoin rose to a multi-month high

You may also like

FBI Director Wray to testify before House Judiciary panel amid...

July 12, 2023

House Oversight, Judiciary to consider resolution recommending Hunter Biden be...

January 10, 2024

Special counsel Jack Smith appeals dismissal of Trump Mar-a-Lago case

August 26, 2024

Emotional Joe Biden passes torch to Kamala Harris ending 5...

August 20, 2024

US ‘vigorously condemns’ pro-Palestinian rioters who stormed Russian airport searching...

October 30, 2023

Wife of Connecticut Democrat involved in COVID fraud scheme gets...

March 24, 2023

NJ shore town fined $12M for building own dunes begins...

May 23, 2023

Images released of Trump’s historic trip to NYC day before...

April 4, 2023

First on Fox: Leading pro-Trump super PAC hauls in over...

July 12, 2024

Balance of power: Five races that could decide control of...

September 1, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,632 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.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 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Netanyahu war cabinet stifles revolt from...

    November 20, 2023

    EPA settlement would force Pennsylvania to...

    April 21, 2023

    Has Howard Stern lost his fast...

    April 27, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here