Lith /Usdt OKX:LITHUSDT
Here's a detailed analysis of the current situation with Lith and its potential price movement:
### Current Price and Key Levels
- **Lith Price:** $0.00006440
- **Support Levels:**
- $0.0000550
- $0.0000500
- **Resistance Level:**
- **Current Resistance:** $0.00007000
### Analysis
1. **Support Levels:**
- **Immediate Support:** If the price falls, the immediate support to watch is at $0.0000550. This is where buying interest might increase to prevent further declines.
- **Further Support:** If the price breaks below $0.0000550, the next support level is $0.0000500. This level may offer additional buying support.
2. **Resistance and Breakout Potential:**
- **Current Resistance:** The price is currently at a critical resistance level of $0.00007000. Holding at or above this level is crucial for a bullish outlook.
- **Breakout Scenario:** If the price breaks above $0.00007000 and volume increases significantly, it could signal strong bullish momentum. This breakout could lead to higher resistance levels.
3. **Next Resistance Levels:**
- **First Target:** $0.0000850
- **Second Target:** $0.0000950
After breaking the current resistance and confirming with increased volume, these are the next resistance levels where the price might encounter selling pressure or consolidation.
### Summary
- **If Price Holds Above $0.00007000:** Watch for a potential breakout. If confirmed with increased volume, target the next resistance levels at $0.0000850 and $0.0000950.
- **If Price Falls Below Support Levels:** Monitor the support levels at $0.0000550 and $0.0000500 for potential price stabilization or further decline.
**Disclaimer:** This analysis is for informational purposes only and should not be considered financial advice. Investing in volatile assets involves significant risk. Always conduct your own research (DYOR) and consult with a professional financial advisor before making any investment decisions.
LITH
LITM a lithium penny stock gets momentum LONGLITM is a lithium mining company with operations is Western USA and Canada now getting a
lift as lithium prices are rising. It popped 16% today and hit a screener on volume yesterday.
This is a junior miner compared with LAC and SGML. As such it is more reactive to price. All
indicators confirm the move including the extent of the trend, relative volume spiking and the
RS lines. This is a low float low volume stock.
Accumulation of a low float could precipitate more price action upward quite easily.
As a volatile penny stock LITM is risky. Right now, I see a long trade in a
small position ( < 0.001 of account balance) for the potential gain despite the obvious risk
SL at 10% Targets at 10% 20% (red line pivots to the left-1.2o December to Feb) then 70% (
pivot low March 23) and finally 250% for the runners ( January and July 23 high pivots). Time
will tell. I expect great profit in this swing trade with stratified partial profits and less time
effort in the trend using alerts and notifications. A trailing loss will be employed at 10%
once the trade is over 20% profit.
LITH usdt - 32c resistance too strongThe 32c resistance has again proven itself too strong on the 4h chart.
We'll see a pullback now from this, perhaps with another rally to the resistance given price is still above ema.
Good project too, one to watch.
