Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News

Economy

SafeMoon and Litecoin: SafeMoon loses over 65% of its value

SafeMoon and Litecoin: SafeMoon loses over 65% of its value

The price of SafeMoon took a huge plunge yesterday, losing 61% of its value.
The price of Litecoin manages to maintain itself around 70.00 levels.

SafeMoon chart analysis

The price of SafeMoon took a huge plunge yesterday, losing 61% of its value. After a jump to the 0.0002085 level, a bearish impulse followed and a drop to the 0.0000800 level. We saw that as an attempt to start a recovery that was stopped at the 0.0001200 level. We encounter new resistance and see a pullback to a new low at the 0.0000681 level. Potential lower targets are the 0.0000600 and 0.0000500 levels.

For a bullish option, we need a positive consolidation and price movement above the 0.0001000 level. Then we would have to hold above there and form a new bottom there. Thus, we would create a new position to start further recovery. Potential higher targets are the 0.0001100 and 0.0001200 levels.

Litecoin chart analysis

The price of Litecoin manages to maintain itself around 70.00 levels. This morning, we tried to move above it, but we encountered resistance in the zone around 70.80 levels. This caused the price to slide down to 69.20 levels on two occasions, but we quickly returned to the zone around 70.00 levels.

We need a stronger impulse above the 71.00 level that would succeed in breaking through the previous resistance zone. Then, we would have to hold on up there and wait for a new impulse to trigger further recovery.

Potential higher targets are 71.50 and 72.00 levels. For a bearish option, we need a negative consolidation and a price drop to the 69.00 level. A break below would take us down to the EMA50 moving average at the 68.50 level. Potential lower targets are 68.00 and 67.50 levels.

The post SafeMoon and Litecoin: SafeMoon loses over 65% of its value appeared first on FinanceBrokerage.

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.

    You May Also Like

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Latest News

    A week ago, a Jan. 6 defendant was arrested near Barack Obama’s in D.C. with what the government says was a machete, two guns...

    Disclaimer: Deluxeinvestmentgroup.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 deluxeinvestmentgroup.com