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LITUSD

LIT/USD - LIT is on fire! Can we sustain a move to ATH? 🚀LIT is looking GOOD. We made a high low forming a nice ascending triangle highlighted in blue and now we're about to break the resistance at just under $9. If we manage to do that this time then I see us quickly moving to $10 and above. The overall altcoin market is bullish and is led by ETH which is also bullish in my eyes (see below my idea for that). Indicators on LIT are looking sexy, we just need a bit more volume if we want to push against $9 and $10 soon. Then ATH level is in range. As I said under ETH, I believe this correction is over and we should explore higher levels soon in most alts, provided we remain bullish and BTC allows for this. We have consolidated nicely in this range, so LIT has formed a great base between $6 and $8. This is very good for long term gains. Enjoy the profits and keep an eye on this resistance line, don't think it will hold us down long. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Long
by DU09
16
LITUSDT (LIT) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - LITUSDT brokeout above descending trendline resistance. - Price action is printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance (R1). TARGETS 🎯 - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Horizontal resistance level (R4). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
LIT/USD - Head & Shoulder pattern. Can we break out?LIT has formed a large head and shoulder patter which is approaching its end. Will we break the neckline/support and fall or can we push higher? I am mildly bullish, despite this formation because the overall market remain bullish. However another sharp fall in BTC or ETH price will likely take LIT below our current support, break the neckline and fall. However, I find such a scenario unlikely. What is more likely is that we will finally break away from this diagonal resistance that has kept LIT down for a while. Why? 1. We made a 5 wave down from our ATH, so this correction should be over soon. 2. Bullish divergence on RSI 3. Overall market remain bullish - pray this does not change! 4. Positive cross on MACD which is likely to move on higher timeframes, if that happens we're gold. It won't take long now for LIT to pick a direction, we should know by the end of the week were we stand. Good luck! Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
Long
by DU09
9
LIT/USD - Resistance broken, LIT about to blow-up! 🚀LIT just broke a key resistance that held us back in the past. We moved above $9.5 which clears the path for price to test the $10 and if that wont hold us down, then we're on a clear path to re-test ATH level at $14.7. The indicators on 4h look great, particularly MACD which did a lovely cross on the positive side, RSI is moving higher and this break of resistance was on good volume! Bias is bullish on LIT and remains so as long as we keep price above $9. This move has legs and can run much higher, particularly as BTC is looking bullish as well. So keep an eye on the overall market as well (my BTC idea is below). Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
Long
by DU09
3
🆓Litentry/USDT Analysis (25/2) #LIT $LITLIT is heading to 11$ after testing the 7$ zone. If it conquers 11$ zone successfully, we can see it at 15$ zone. At this moment, we have no enough data to calculate the higher targets But if it loses the 8$ zone again, the worst case will be happen when LIT may dump to 5$ zone 📈BUY -Buy: 7.8-8.2$. SL if B -Buy: 10.5-11$ if A. SL if B 📉SELL -Sell: 10.5-11$. SL if A -Sell: 14.5-15$. SL if A ♻️BACK-UP -Sell: 7.8-8.2$ if B. SL if A -Buy: 4.8-5.2$. SL if B ❓Details Condition A : "If 8H candle closes ABOVE this zone" Condition B : "If 8H candle closes BELOW this zone"
Long
by CryptoStation
2
LIT/USD - Lit is getting ready to PUMP! 🚀Check this chart out guys. LIT broke above the current resistance and is now making it support. If the momentum is maintained, we're looking good to go higher. MACD is preparing to do a positive cross, RSI is going up and volume was very healthy on this last breakout. Therefore, continuation is expected which should bring us to at least $12, then $15 again. On a medium term, I expect LIT to reach $16. Then later push much higher. Bias remains bullish so long we hold above the support line, so far any time LIT dropped to $10 it was a great buy zone! Unlikely we will get it again. Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
Long
by DU09
6
LIT/USD - We left the channel. Bearish price action!⛔As expected, after quite a nice pump to almost $15, LIT corrected quite deeply and we fell off our large ascending channel. This is no surprise, because LIT is still a young coin and price has to find its support and resistance levels, so volatility remains high. Where are we now? After falling off the ascending channel we had one small attempt to pull back in, but that was quickly pushed back... this is bearish. Then the indicators are not looking too good. We have a bearish MACD and RSI on 4h timeframe. Therefore I expect us to fall a bit lower up to around $10 when I would expect LIT to pump out again. So watch the key area in blue because there price will have a sharp reaction. If we fall under $10, then that won't be good... but too early to call that and seems unlikely. For now I remain bearish as long as we don't break this diagonal resistance. Like and follow if you liked this idea. Also join my crypto community to stay in touch!
Short
by DU09
8
LIT/USD - LIT preparing to EXPLODE! 🚀🚀🚀LIT is doing some nice gains every day, a bit shy, but the trend is very clear and we appear to slowly form a massive ascending triangle! What I love however are the indicators... MACD on 4h just did a beautiful cross on the positive side these past 24h, RSI is going up... the only thing missing is some nice volume to propel us upwards. But that will come as soon as we move away from the ATH and break that resistance at $9. When that happens, I expect massive gains in a short period. Prepare the rocket because we may have some explosive green candles ahead of us. :) Bias is extremely bullish as long as we maintain the trend/support. Like and follow if you liked this idea. Also join my crypto channel to stay in touch!
Long
by DU09
9
LIT/USD - Path to $60 🚀🚀🚀LIT has done very well since my last idea. As you can see we are comfortably sitting over $14! Not bad right? :D We appear to be in a very nice ascending channel on the way up on leg 3 which is always the longest and largest... using a nice Fib extension we see that if this holds true, we can easily go to $30 before any sustained correction back to $18. On this road to heaven, we have a few bumps. The first one is at $16-17, then the channel mid-point around $20 and lastly the top at $30 where I would expect a rejection if we make it there before pushing higher still. LIT is a great long term hold at least until summer, therefore, don't rush to sell because this chart is anything but bearish. Have a plan, have a strategy, take profits at key levels. This path here ends at $60, LIT can go higher this year and this path may not look like this in a month, however, LIT will continue to grow, especially due to its low circulation supply. Enjoy the profits! Like and follow if you liked this idea. Also join my crypto community to stay in touch!
Long
by DU09
8