SafeMoon and Litecoin: Litecoin finds support at 62.50

<div><img width="1200" height="665" src="https://6ztkp25f.tinifycdn.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><b>SafeMoon and Litecoin: Litecoin finds support at 62.50</b></h1>
<ul>
<li aria-level="1">SafeMoon price managed to gain support at the 0.0001400 level yesterday.</li>
<li aria-level="1">Litecoin price continues to consolidate sideways for the second day in a row in the 62.50-64.00 range.</li>
</ul>
<h2><b>SafeMoon chart analysis</b></h2>
<p>SafeMoon price managed to gain support at the 0.0001400 level yesterday. From that level, we saw the initiation of a bullish consolidation up to the 0.0001450 level. There, we encounter a new resistance and pull back to 0.0001410, forming a new higher low. Since then, we have been in a <a href="https://www.financebrokerage.com/bullish-consolidation-of-eurusd-and-gbpusd-may-11/">bullish consolidation</a> to the 0.0001435 level and could revisit the 0.0001440 previous resistance zone.</p>
<p>A break above would mean that we have the strength to start a further recovery. Potential higher targets are 0.0001460 and 0.0001480 levels. We need a negative consolidation and pullback to the previous support at the 0.0001400 level for a bearish option. Additional support in that zone is the EMA50 moving average. A break below would confirm the bearish scenario; the potential lower targets are the 0.0001380 and 0.0001360 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-232607 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/5Eqm6TqU-1024×620.jpg" alt="SafeMoon chart analysis" width="1024" height="620" /></p>
<h2><b>Litecoin chart analysis</b></h2>
<p>Litecoin price continues to consolidate sideways for the second day in a row in the 62.50-64.00 range. This morning, we again looked for support at the 62.50 level and succeeded in doing so, as we now see a bullish impulse to the 63.00 level. Now, we expect to see a continuation on the bullish side and a new visit to the 64.00 resistance level.</p>
<p>To continue to the bullish side, we need a break above and try to hold above. After that, we could expect to see a bullish consolidation and recovery in the price of Litecoin. Potential higher targets are 64.50 and 65.00 levels. We need a negative consolidation and a drop below the 62.50 support level for a bearish option. After that, we would be able to test the previous low and maybe form a new one. Potential lower targets are 62.00 and 61.50 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-232608 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/ReKWlUSj-1024×620.jpg" alt="Litecoin chart analysis" width="1024" height="620" /></p>
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