SafeMoon and Litecoin: Litecoin struggles with 63.00 level

<div><img width="1200" height="665" src="https://6ztkp25f.tinifycdn.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 struggles with 63.00 level</b></h1>
<ul>
<li aria-level="1">SafeMoon’s price yesterday formed a new seven-day high at the 0.0001470 level.</li>
<li aria-level="1">The price of Litecoin formed a two-week high yesterday at the 66.33 level.</li>
</ul>
<h2><b>SafeMoon chart analysis</b></h2>
<p>SafeMoon’s price yesterday formed a new seven-day high at the 0.0001470 level. At that level, we encounter resistance and start retreating. We first consolidated around the 0.0001450 level, then saw a breakout below and a drop to support at the 0.0001425 level. We are still under <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-the-euro-is-under-pressure-at-1-05600/">pressure</a> at the support level, which could lead to a breakout below and the formation of today’s new low.</p>
<p>Potential lower targets are the 0.0001420 and 0.0001410 levels. Additional price support could be found in the EMA50 moving average in the zone around the 0.0001410 level. We need a positive consolidation and a move above the 0.0001440 level for a bullish option. Potential higher targets are 0.0001450 and 0.0001460 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-233866 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/HPlK8ANG-1024×608.jpg" alt="SafeMoon chart analysis" width="1024" height="608" /></p>
<h2><b>Litecoin chart analysis</b></h2>
<p>The price of Litecoin formed a two-week high yesterday at the 66.33 level. We stayed up for a short time because a bearish impulse followed and a pullback to the $63.50 level. Then we tried to consolidate in that zone, but a pullback to the 63.00 level followed. It still remains under pressure at that level, and it is positive that on the downside, we have support in the EMA50 moving average.</p>
<p>A break below would strengthen the bearish option, which could influence the price of Litecoin to start further weakening. Potential lower targets are 62.00 and 61.50 levels. For a bullish option, we need a break above 63.50 again. In the extension, we could expect to see positive consolidation and further recovery on the bullish side. Potential higher targets are 64.00 and 65.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-233867 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/FYsK56yo-1024×608.jpg" alt="Litecoin chart analysis" width="1024" height="608" /></p>
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