The Revenue Rises
Trending Now
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
DP Trading Room: Key Support Levels for the...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Retirees ‘stunned’ as market turmoil over tariffs shrinks...
Week Ahead: NIFTY Set To Open Lower; Relative...
Market Drop Compared to 2020: What You Need...

The Revenue Rises

Economy

SafeMoon and Litecoin: SafeMoon remains under pressure

by admin September 4, 2024
September 4, 2024
SafeMoon and Litecoin: SafeMoon remains under pressure

SafeMoon and Litecoin: SafeMoon remains under pressure

  • For the fifth time in a row, the price of SafeMoon is moving in the same range of 0.00002100-0.00002450
  • On Monday, the Litecoin price retreated to the $62.59 level, forming a new low there

SafeMoon chart analysis

For the fifth time in a row, the price of SafeMoon is moving in the same range of 0.00002100-0.00002450. This morning, the price had an attempt to hold above the EMA 50 moving average and 0.00002300. Unfortunately, a bearish impulse followed, and we saw the price drop to the 0.00002130 support level. We are now holding at 0.00002200 but remain under bearish pressure. This could produce a new downward impulse and form a new daily low.

Potential lower targets are the 0.00002000 and 0.00001800 levels. For a bullish option, we need a positive consolidation and a return above the EMA 50 and 0.00002370 daily open price. With that step, we are moving to the bullish side, and the chances of starting a further recovery to the bullish side are increasing. Potential higher targets are the 0.00002400 and 0.00002600 levels.

 

Litecoin chart analysis

On Monday, the Litecoin price retreated to the $62.59 level, forming a new low there. After that, we saw some price stabilization in that zone, the initiation of a bullish consolidation above $64.00, and the EMA 200 moving average. There, we formed a new bottom and continued with bullish consolidation above the $65.00 level. In this morning’s hours, Litecoin rose to $66.35, a new weekly high.

For now, the price does not have enough momentum to continue above; therefore, we see a pullback to the $65.50 support level. This level manages to keep us above and push us again above the $66.00 level. Now, the chances are increasing that we will continue on the bullish side and that Litecoin will climb to a new daily high. Potential higher targets are $66.50 and $67.00 levels.

 

The post SafeMoon and Litecoin: SafeMoon remains under pressure appeared first on FinanceBrokerage.

previous post
Harris to transfer nearly $25 million to help down-ballot Democratic candidates
next post
Stock Market Today: Tech Tumbles as Mega-Cap Stocks Get Hit by Major Profit-Taking

Related Posts

Gold and Silver: Gold remains stable in the...

August 1, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

March 12, 2025

Bitcoin & Ethereum: Sharp Fall on Oct 31,...

November 5, 2024

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped...

January 1, 2025

S&P 500 Surge: Market Shift and Economic Impact

August 10, 2024

EUR/USD & EUR/GBP Analysis: High Volatility with Trends

November 2, 2024

Gold and Silver: Gold moves to a new...

September 26, 2024

SafeMoon and Litecoin: New Weekly Support and Targets

September 25, 2024

S&P 500 and Nasdaq: Targets and Prices for...

October 14, 2024

USD/CHF & USD/JPY Analysis: Key Levels and Opportunities

November 8, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Recent Posts

    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • DP Trading Room: Key Support Levels for the SPY
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise

    Popular Posts

    • 1

      Polls show some good early signs for Kamala Harris

      July 26, 2024
    • 2

      Solana and Cardano: Solana is waiting for a new impulse

      July 18, 2024
    • 3

      The presidential race shifts — modestly, so far — toward Harris

      August 6, 2024
    • 4

      Donald Trump’s imaginary and frightening world

      September 23, 2024
    • 5

      DP Trading Room: PMO Sort on Earnings Darlings

      July 18, 2024

    Categories

    • Business (663)
    • Economy (965)
    • Politics (873)
    • Stocks (749)

    Disclaimer: therevenuerises.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 The Revenue Rises. All Rights Reserved.