SafeMoon and Litecoin: Targets and Prices for the Week
This week’s SafeMoon price movement is taking place in the 0.00002800-0.00003800 range
The price of Litecoin rose to $71.54 on Saturday, reaching a new September high
SafeMoon chart analysis
This week’s SafeMoon price movement is taking place in the 0.00002800-0.00003800 range. There are no significant changes compared to the previous week. The EMA 200 moving average is at 0.00003200 in the middle of this range. The price is encountering resistance at 0.00003400 today and pulling back towards 0.00003000. It is quite possible that we will pull back to the 0.00002800 level and test the support zone.
For a bearish option, we need a break below and a drop to a new weekly low. Potential lower targets are the 0.00002700 and 0.00002600 levels. SafeMoon must first retrace above the EMA 200 moving average and today’s high of 0.00003400 for a bullish option. With that step, we go to a new daily high and strengthen the bullish momentum. Potential higher targets are 0.00003500 and 0.00003600 levels.
Litecoin chart analysis
The price of Litecoin rose to $71.54 on Saturday, reaching a new September high. After that, we encountered resistance there, and the price had to initiate a pullback. By the end of the day, Litecoin fell below the $70.00 level, and on Sunday, a new low was formed at $68.50. We got the first support there, which started the recovery to $70.50. The new resistance in that zone did not allow us to continue on the bullish side, and again, the price had to start retreating.
Immediately at the start of Monday, the bearish pressure continued, and Litecoin fell below the $67.00 level. We stopped this morning at $66.30, a new weekly low. Potential lower targets are the $66.00 and $65.50 levels. For a bullish option, we need a price retracement above $68.00 and the EMA 200 moving average. His support would mean a lot for us to return to the bullish side. Potential higher targets are the $68.50 and $69.00 levels.
The post SafeMoon and Litecoin: Targets and Prices for the Week appeared first on FinanceBrokerage.
