SafeMoon and Litecoin: Litecoin slips below 82.00 level

<div><img width="750" height="430" src="https://www.financebrokerage.com/wp-content/uploads/2020/07/Litecoin-Climbed-up-as-it-Breaks-Above-the-100-Day-Average-Finance-Brokerage.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Litecoin Climbed up as it Breaks Above the 100-Day Average – Finance Brokerage" decoding="async" loading="lazy" /></div><h1><b>SafeMoon and Litecoin: Litecoin slips below 82.00 level</b></h1>
<ul>
<li aria-level="1">SafeMoon price drops today to 0.0001650 level.</li>
<li aria-level="1">The Litecoin price is in a bearish trend after reaching the 85.00 level last week.</li>
</ul>
<h2><b>SafeMoon chart analysis</b></h2>
<p>SafeMoon price drops today to 0.0001650 level. We form a new August low and pull back to the 0.0001700 level. We have a new resistance at that level and are dropping to retest the support at the 0.0001650 level. The price remains under pressure, which could have a negative effect and push it below the previous low and form a new one. Potential lower targets are the 0.0001640 and 0.0001620 levels.</p>
<p>We need a positive consolidation and a move back up to the 0.0001760 resistance level for a bullish option. Then, we need to make a breakthrough above, and with the help of the EMA50 <a href="https://www.financebrokerage.com/the-hull-moving-average-hma-is-it-better-than-ema/">moving average</a>, we start a further recovery. Potential higher targets are 0.0001780 and 0.0001800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-219025 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/IaYsLRCj-1024×641.jpg" alt="SafeMoon Chart Analysis" width="1024" height="641" /></p>
<h2><b>Litecoin chart analysis</b></h2>
<p>The Litecoin price is in a bearish trend after reaching the 85.00 level last week. Yesterday, we saw the formation of a new low at the 81.00 level and then a recovery to the 83.00 level, where we encountered a new resistance. From there, the price is again in a bearish consolidation, descending to 81.40.</p>
<p>In the last few hours, we managed to stay down there and start a slight recovery. A break below would form a new low and confirm the bearish side. Potential lower targets are 80.00 and 79.00 levels.</p>
<p>For a bullish option, we need a positive consolidation and a return to 83.00, the previous resistance zone. A break above and staying there would facilitate further recovery to the bullish side. Potential higher targets are 84.00 and 85.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-219026 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/s4j6YiWi-1024×641.jpg" alt="Litecoin chart analysis" width="1024" height="641" /></p>
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