SafeMoon and Litecoin: Litecoin slipped below 60.00 

<div><img width="720" height="430" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2019/12/Litecoin-Now-Supported-by-StormShop-Finance-Brokerage.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Litecoin Now Supported by StormShop – Finance Brokerage" decoding="async" loading="lazy" /></div><h1><b>SafeMoon and Litecoin: Litecoin slipped below 60.00 </b></h1>
<ul>
<li aria-level="1">The price of SafeMoon fell this morning to a new weekly low at the 0.0001375 level.</li>
<li aria-level="1">The price of Litecoin fell below the 60.00 level this morning, forming a one-month low at 59.73.</li>
</ul>
<h2><b>SafeMoon chart analysis</b></h2>
<p>The price of SafeMoon fell this morning to a new weekly low at the 0.0001375 level. At that point, we managed to get support and initiate a consolidation up to the 0.0001410 level. Here, we now encounter resistance in the EMA50 <a href="https://www.financebrokerage.com/moving-average-envelopes-how-to-use/">moving average</a>. We need a breakout above for further continuation of the bullish option. Potential higher targets are 0.0001420 and 0.0001430 levels.</p>
<p>We need negative consolidation and pullbacks below the 0.0001400 level for a bearish option. Then we could see a visit to the previous low. A longer stay in that zone could lead to a breakout below and the formation of a new low price. Potential lower targets are the 0.0001370 and 0.0001360 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-234378 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/boCcJnxx-1024×620.jpg" alt="SafeMoon chart analysis" width="1024" height="620" /></p>
<h2><b>Litecoin chart analysis</b></h2>
<p>The price of Litecoin fell below the 60.00 level this morning, forming a one-month low at 59.73. The fall stopped there, and we saw a bullish consolidation and recovery to 61.00. Based on the current picture, we can conclude that we should see a continuation of Litecoin’s recovery. Potential higher targets are 61.50 and 62.00 levels.</p>
<p>An additional break in the area around the 62.00 level is the EMA50 moving average, and we would need a new breakout to continue above. For a bearish option, we need a negative consolidation and pullback to support at the 60.00 level. A drop below would lead to the formation of a new lower low and thus confirm the bearish option. Potential lower targets are 59.50 and 59.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-234379 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/ahAUeufH-1024×620.jpg" alt="Litecoin hart analysis" width="1024" height="620" /></p>
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