SafeMoon and Litecoin: Litecoin drops to 61.10 yesterday

<div><img width="1200" height="665" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/My_project-1_8-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Safemoon 2" decoding="async" loading="lazy" /></div><h1><b>SafeMoon and Litecoin: Litecoin drops to 61.10 yesterday</b></h1>
<ul>
<li aria-level="1">The price of SafeMoon climbed to a new high this year at 0.00005249 level on Sunday.</li>
<li aria-level="1">Litecoin price retreated to 61.10 levels on Monday.</li>
</ul>
<h2><b>SafeMoon chart analysis</b></h2>
<p>The price of SafeMoon climbed to a new high this year at 0.00005249 level on Sunday. This was followed by a bearish consolidation and a drop yesterday to the 0.00004208 level. We find support in that zone and initiate a recovery that takes us above the EMA50 moving average to the 0.00004700 level. We failed to hold in that zone, and a pullback to the 0.00004500 level followed. If the current bearish pressure continues, we could drop to a new daily low.</p>
<p>Potential lower targets are the 0.00004400 and 0.00004300 levels. For a <a href="https://www.financebrokerage.com/solana-and-cardano-solana-continues-the-bullish-trend/">bullish</a> option, we need to move above the 0.00004800 level. Then, we have to hold above there in order to form a bottom from which we move into further growth on the bullish side. Potential higher targets are the 0.00004900 and 0.00005000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-251693 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/CKej32hu-1024×598.jpg" alt="SafeMoon chart analysis" width="1024" height="598" /></p>
<h2><b>Litecoin chart analysis</b></h2>
<p>Litecoin price retreated to 61.10 levels on Monday. This is where we formed this week’s low and got support for starting a bullish option. That bullish consolidation took us this morning to 68.44 levels and above the EMA50 moving average. We failed to hold above there, and a pullback to the 66.00 level followed. The price is now under pressure to start a further pullback and form a new daily low.</p>
<p>Potential lower targets are 65.00 and 64.00 levels. We would have to go back above the EMA50 and 68.00 levels for a bullish option. Then we have to maintain above those levels. If we manage to do that, we will be in a good position to continue upwards. Potential higher targets are 69.00 and 70.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-251695 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/vG4uELYY1-1024×598.jpg" alt="Litecoin chart analysis" width="1024" height="598" /></p>
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