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SafeMoon within reach of 0.00006000, Litecoin climbed

SafeMoon within reach of 0.00006000, Litecoin climbed

Since the start of Wednesday, the price of SafeMoon has pushed bullish impulses to the 0.00005596 level. Litecoin climbed to a new weekly high this morning at the $98.90 level.

SafeMoon chart analysis

Since the start of Wednesday, the price of SafeMoon has pushed bullish impulses to the 0.00005596 level. A few hours ago, we saw the first impulse above the EMA200 and the 0.00004500 level. A pullback to the 0.00004700 level followed the first impulse. There we find new support and remain above the EMA200 moving average. After that, we start with a new bullish consolidation and test the same level again.

Currently, SafeMoon is at 0.00005200, and if it manages to hold above, it will have a chance to put new pressure on the weekly high. Potential higher targets are the 0.00005700 and 0.00005800 levels. We need to pull back to the 0.00004500 level for a bearish option. There, we test the EMA200 moving average. The inability to maintain above pushes the price below to a new low and thereby intensifies the bearish pressure. Potential lower targets are 0.00004400 and 0.00004300 levels.

Litecoin chart analysis

Litecoin climbed to a new weekly high this morning at the $98.90 level. There, we encounter resistance and start with a pullback from the $94.00 level. We are holding above for now, but we are under bearish pressure and expect further pullback. Potential lower targets are $93.00 and $92.00 levels. Additional support could be found in the EMA50 in the zone around $92.70, while the EMA200 remained low in the zone of $89.00.

Litecoin needs to climb above the $96.00 level for a bullish option. Then there to form a bottom and hold above it. After that, we could see the initiation of a bullish consolidation and a continuation of the bullish side. Potential higher targets are $97.00 and $98.00 levels. Testing this morning’s high is also possible.

The post SafeMoon within reach of 0.00006000, Litecoin climbed appeared first on FinanceBrokerage.

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