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LITUSD

📊 LIT moved 25% up, retesting resistance!Hello, dear TradingView members. This idea is a LIT analysis. LIT moved 25% today, retesting the resistance area for the third time recently. RSI is still in the Neutral area and doesn't hint at overbought. The Bollinger Bands become vast but not overbought, and the support of the middle band can push the price up. Scenario one: The price will push straight up or use support to break the resistance to the potential target levels. Scenario two: The price will become overbought before making any moves on the resistance area and will fall on support The Speedometer indicator shows Buy volumes on the market for LIT on a 1D interval. Now have in mind: ANY news about this coin can cause a big pump or dump at this moment! Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
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by ShawnMCR
18
LITUSD targeting the 1D MA200Litentry (LITUSD) has been consolidating around its 1D MA50 (blue trend-line) for the past 6 days since it broke above it. Even though the long-term pattern is a Bearish Megaphone with some upside at the moment, the price is struggling due to a Lower Highs trend-line involved. The 1D RSI pattern shows, that we might be ahead of a rally towards the 1D MA200 (orange trend-line) similar to that of July-August 2021. If you wish to buy upon confirmation, wait until a 1D candle closes above the Lower Highs trend-line. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
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by TradingShot
3
LITENTRY more gain 🚀Hello 🐋 Based on the chart, after long time range market and correction we have appropriate amount of the volume for the price and the price is close to the channel support ✔️ if the price breaks the round number of $1 and the resistance area to the upside, we will see more gain at least to the weekly trend line 🚀 otherwise we can see brief a correction ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
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by MadWhale
6