SafeMoon and Litecoin: Litecoin struggles above $66.00

<div><img width="1200" height="665" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/My_project-1_6-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Safemoon chart 1" decoding="async" loading="lazy" /></div><h1><strong>SafeMoon and Litecoin: Litecoin struggles above $66.00</strong></h1>
<ul>
<li aria-level="1"><span>SafeMoon’s price continues to pull back this week, forming a low at the 0.0001402 level. </span></li>
<li aria-level="1"><span>The price of Litecoin continues with bullish consolidation from the $60.70 level.</span></li>
</ul>
<h2><b>SafeMoon chart analysis</b></h2>
<p><span>SafeMoon’s price continues to pull back this week, forming a low at the 0.0001402 level. The bearish picture is still on the chart, and we could expect to see a continuation to the bearish side. We need a new pullback to the previous low, and after that, we could expect increased pressure at that level. This could lead to a breakout below and the formation of a new low. Potential lower targets are the 0.0001350 and 0.0001300 levels.</span></p>
<p><span>We need a positive consolidation and price jump to the 0.0001500 level for a <a href="https://www.financebrokerage.com/the-dollar-index-remains-on-its-bullish-path-towards-103-00/">bullish</a> option. Then, we need to break above and try to stay above. Potential higher targets are 0.0001550 and 0.0001600 levels.</span></p>
<h2><b><img decoding="async" loading="lazy" class="alignnone size-large wp-image-220140" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/SafeMoon-chart-analysis-2-1024×619.jpg" alt="SafeMoon chart analysis" width="1024" height="619" /></b></h2>
<h2><b>Litecoin chart analysis</b></h2>
<p><span>The price of Litecoin continues with bullish consolidation from the $60.70 level. This morning, we saw the price rise to the $67.40 level, and that’s where we formed this week’s high. From that level, the price begins to pull back to support at the $64.40 level. Once again, we are moving into a new bullish consolidation and expect to see a continuation to the bullish side.</span></p>
<p><span>Potential higher targets are $68.00 and $70.00 levels. We have additional pressure on Litecoin in the EMA50 moving average in the zone around the $70.00 level. We need a negative consolidation and a pullback below the $65.00 level for a bearish option. By falling below this level, we would have the opportunity to slide down to the $62.00 level.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-220142" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Litecoin-chart-analysis-2-1024×619.jpg" alt="Litecoin chart analysis" width="1024" height="619" /></p>
<p>The post <a rel="nofollow" href="https://www.financebrokerage.com/safemoon-and-litecoin-litecoin-struggles-above-66-00/">SafeMoon and Litecoin: Litecoin struggles above $66.00</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>