SafeMoon and Litecoin:  $63,13 new low for Litecoin

<div><img width="750" height="430" src="https://www.financebrokerage.com/wp-content/uploads/2020/01/Litecoin-to-See-the-78-Price-Mark-Again-Finance-Brokerage.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Litecoin to See the $78 Price Mark Again – Finance Brokerage" decoding="async" loading="lazy" /></div><h1><b>SafeMoon and Litecoin:  $63,13 new low for Litecoin</b></h1>
<ul>
<li aria-level="1">The price of SafeMoon remains under bearish pressure today.</li>
<li aria-level="1">Yesterday, we saw the Litecoin price drop to a new low of $63.13.</li>
</ul>
<h2><b>SafeMoon chart analysis</b></h2>
<p>The price of SafeMoon remains under bearish pressure today. Yesterday’s bullish attempts to hold or move above the 0.00004000 level ended in failure. This led to a new bearish consolidation and a price drop to the 0.00003600 level. Additional bearish pressure is created by the EMA200 moving average. This could lead to a breakout below and the formation of a new price low. Potential lower targets are 0.00003500 and 0.00003400 levels.</p>
<p>We need to get back above the 0.00003900 level for a <a href="https://www.financebrokerage.com/bitcoin-and-ethereum-and-a-new-attempt-for-bullish-option/">bullish option</a>. Then we have to maintain above that level. We need a new bullish impulse to initiate a bullish consolidation and retest the 0.00004000 level. A break above would help us a lot to start a further recovery. Potential higher targets are the 0.00004100 and 0.00004200 levels. We have to pay close attention to the 0.00004100 level because there we encounter the EMA200 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-255608 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/wrsGsnsH-1024×598.jpg" alt="SafeMoon Chart Analysis" width="1024" height="598" /></p>
<h2><b>Litecoin chart analysis</b></h2>
<p>Yesterday, we saw the Litecoin price drop to a new low of $63.13. The decline was stopped there, and Litecoin started to recover from there. We quickly climbed above the $64.00 level and embarked on further positive consolidation that continues today. Today’s high is at $66.00, and based on the current consolidation, we expect a break above and further growth to the bullish side. Potential higher targets are the $67.00 and $68.00 levels.</p>
<p>The EMA200 moving average is in the zone around $68.80 levels. A pullback below the $64.00 support level is required for a bearish option. A return below increases the pressure on the price to continue to decline. Potential lower targets are $63.00 and $62.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-255609 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/T9phYuLg-1024×598.jpg" alt="LiteCoin Chart Analysis" width="1024" height="598" /></p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.financebrokerage.com/safemoon-and-litecoin-6313-new-low-for-litecoin/">SafeMoon and Litecoin:  $63,13 new low for Litecoin</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>