SafeMoon has woken up as LItecoin retreats to 70,00 level

<div><img width="750" height="430" src="https://www.financebrokerage.com/wp-content/uploads/2020/10/Litecoin-Reached-the-Correction-Target-and-Bounces-Off-It-Finance-Brokerage.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Litecoin Reached the Correction Target and Bounces Off It – Finance Brokerage" decoding="async" loading="lazy" /></div><h1><b>SafeMoon has woken up as LItecoin retreats to 70,00 level</b></h1>
<ul>
<li aria-level="1">Finally, yesterday, we saw the long-awaited price jump of SafeMoon to the 0.00011500 level.</li>
<li aria-level="1">Over the weekend, the Litecoin price was close to reaching 80.00, but we stopped at 79.54.</li>
</ul>
<h2><b>SafeMoon chart analysis</b></h2>
<p>Finally, yesterday, we saw the long-awaited price jump of SafeMoon to the 0.00011500 level. The rejoicing was short-lived, as an instant pullback to the 0.00006500 level followed. After that, we tried again to start a <a href="https://www.financebrokerage.com/bullish-breaker/">bullish</a> consolidation but stopped at the 0.00008800 level. There we encounter new resistance and pull back to the 0.00006500 level again.</p>
<p>Too much pressure could lead to a drop below and the formation of a new low. Potential lower targets are the 0.00006000 and 0.00005500 levels. Additional support is found in the EMA50 moving average around the 0.00006000 level. We need a positive consolidation and a move above the 0.00007500 level for a bullish option. In this way, we would see a double bottom formation, which is a sign that we are moving into further recovery. Potential higher targets are 0.00008000 and 0.00008500 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-246614 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/R6rGLRJk-1024×620.jpg" alt="SafeMoon chart analysis" width="1024" height="620" /></p>
<h2><b>Litecoin chart analysis</b></h2>
<p>Over the weekend, the Litecoin price was close to reaching 80.00, but we stopped at 79.54. After that, we started a bearish consolidation, and yesterday, we saw a strong bearish impulse and a price drop to 70.63 levels. We managed to stay above that level, and today, we are moving in the 72.00-74.00 range. The price is still under pressure, which could easily lead to continuing the retreat to lower levels.</p>
<p>Potential lower targets are 71.00 and 70.00 levels. We need a positive consolidation and a return above the 74.00 level for a bullish option. Thus, we would climb above the EMA50 moving average. With his support, we would have a better chance to see continued recovery at higher levels. Potential higher targets are 75.00 and 76.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-246615 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/ndzshoGs-1024×620.jpg" alt="Litecoin chart analysis" width="1024" height="620" /></p>
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