{"id":2748,"date":"2024-09-24T18:02:32","date_gmt":"2024-09-24T18:02:32","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/09\/24\/safemoon-and-litecoin-new-weekly-support-and-targets\/"},"modified":"2024-09-24T18:02:32","modified_gmt":"2024-09-24T18:02:32","slug":"safemoon-and-litecoin-new-weekly-support-and-targets","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/09\/24\/safemoon-and-litecoin-new-weekly-support-and-targets\/","title":{"rendered":"SafeMoon and Litecoin: New Weekly Support and Targets"},"content":{"rendered":"<div>\n<div><\/div>\n<h1>SafeMoon and Litecoin: New Weekly Support and Targets<\/h1>\n<p><span>Over the weekend, the SafeMoon price managed to bounce back above the EMA 200 moving average<\/span><br \/>\n<span>The seven-day bullish trend of the price of Litecoin was stopped yesterday at the $69.33 level<\/span><\/p>\n<h2>SafeMoon chart analysis<\/h2>\n<p><span>Over the weekend, the SafeMoon price managed to bounce back above the EMA 200 moving average. After the weekend, lateral consolidation in the 0.00003000-0.00003400 range. On Monday, we saw a breakout above and the formation of a new weekly high at the 0.00003890 level. Soon after, SafeMoon began to lose strength, causing a pullback to support at 0.00003200.<\/span><\/p>\n<p><span>The price gets new support there, and with the EMA 50 moving average, we climbed again to 0.00003600. SafeMoon needs to continue its bullish <a href=\"https:\/\/www.financebrokerage.com\/apecoin-and-akita-inu-new-targets-and-prices-for-this-week\/\">consolidation<\/a> to continue on the bullish side. For a bearish option, we need a negative consolidation down to the 0.00003000 level. With that step, the price moves to the bearish side, and we will be forced to look for a new weekly low. Potential lower targets are the 0.00002800 and 0.00002600 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<h2>Litecoin chart analysis<\/h2>\n<p><span>The seven-day bullish trend of the price of Litecoin was stopped yesterday at the $69.33 level. Shortly after the formation of a new high, the price began to retreat. We managed to get the first support at $67.00, but it was short-lived, as we saw a break below this morning. Litecoin fell to a weekly low at the $66.00 level. For now, it is holding above, recovering to the $66.70 level.<\/span><\/p>\n<p><span>The price has an opportunity to return to the bullish side above $67.00 and the EMA 50 moving average. Potential higher targets are the $67.50 and $68.00 levels. For a bearish option, we need a negative consolidation and a drop in Litecoin\u2019s price below $66.00. After that, we expect to test the EMA 200 moving average. Potential lower targets are the $65.50 and $65.00 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/safemoon-and-litecoin-new-weekly-support-and-targets\/\">SafeMoon and Litecoin: New Weekly Support and Targets<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SafeMoon and Litecoin: New Weekly Support and Targets Over the weekend, the SafeMoon price managed to bounce back above the EMA 200 moving average The seven-day bullish trend of the price of Litecoin was stopped yesterday at the $69.33 level SafeMoon chart analysis Over the weekend, the SafeMoon price managed to bounce back above the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":2749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/2748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=2748"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/2748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/2749"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=2748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=2748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=2748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}