SafeMoon and Litecoin: SafeMoon tests support level

<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><b>SafeMoon and Litecoin: SafeMoon tests support level</b></h1>
<ul>
<li aria-level="1">The price of SafeMoon is testing support at the 0.0001300 level for the second day.</li>
<li aria-level="1">Yesterday’s <a href="https://www.financebrokerage.com/impact-of-bearish-chinese-economic-data-on-global-oil-prices/">bearish</a> consolidation of the Litecoin price was stopped this morning at $59.50.</li>
</ul>
<h2><b>SafeMoon chart analysis</b></h2>
<p>The price of SafeMoon is testing support at the 0.0001300 level for the second day. We had an attempt to start a recovery yesterday, but we stopped at the 0.0001320 level. After that, we see a new bearish consolidation and a drop to the current level. Now, we expect to see a breakout below and the formation of a new lower low. Potential lower targets are the 0.0001280 and 0.0001260 levels.</p>
<p>We need a positive consolidation and a return above the 0.0001320 level for a bullish option. Then, we need to maintain it up there before we start a further price recovery. Potential higher targets are the 0.0001340 and 0.0001360 levels. We have the main resistance in the zone around 0.0001360 levels in the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-226346 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/r2pWi2mK-1024×620.jpg" alt="Safemoon chart analysis" width="1024" height="620" /></p>
<h2><b>Litecoin chart analysis</b></h2>
<p>Yesterday’s bearish consolidation of the Litecoin price was stopped this morning at $59.50. After that, we see a bullish impulse and a jump to the $62.50 level. Then, in the next hour, we returned to the $60.00 level, and there, we began a new positive consolidation with growth to the $60.80 level. If this consolidation continues, the price will have a chance to continue its recovery. Potential higher targets are $61.50 and $62.00 levels.</p>
<p>We need a negative consolidation and price pullback to the $60.00 support level for a bearish option. A break below would show that the price does not have the strength to sustain at that level, and we will see a continuation to the bearish side. Potential lower targets are the $59.00 and $58.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-226351 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/XDx1OYDg-1024×620.jpg" alt="Litecoin chart analysis" width="1024" height="620" /></p>
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