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Litusdt

[LITUSDT] Patience will be paying! End of falling wedge.Hi all! LIT has been struggling for a good month now since that huge flashcrash 18th of April on all altcoins. As you can see nevertheless, it stayed in that long accumulation area since its listing on Binance. Even though volume is still low, I'm still strongly bullish on it for the next few weeks. You can also notice a strong falling wedge on daily timeframe within this ranging zone. Fundamentals are really great and LIT is really a one of a kind project in its niche. With Polkadot's main event around the corner, we can even expect some potential massive news that would fit perfectly with this current bullish chart. A slot on Polkadot's auction would be a great news! RSI is still very low and MACD's histogram shows a light reversal. As we are trading under all EMAs on daily TF, we can expect to trade above them if we manage to successfully break this falling wedge by the top. Dotted line represents a potential resistance we will have to break. We'll definetely reach the top of that accumulation zone soon (around $13) and then hopefully go for another ATH. All indicators clearly show we are currently accumulating. And guess why people try to get more of something..? ;-) This is not an investment advice, always do your own research. Good luck everyone!
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by cryptologyy
2
Crypto Market VLOG #16 - How will options expiry influence BTC?Heya guys! Hope ya'll having a grand old day. This week I've been getting idea overload, in this video I discuss how its impacting my TA and trade decision making. I try to simplify things a bit and ascertain exactly what signs I'm looking for from BTC that means danger! --=-TimeStamps-=-- 0:00 = Heya! 1:35 = My favorite color is orange. 3:50 = Trend lines that are important to me right now 4:20 = Too many source confusing my analysis! 6:10 = CoinTelegraph article on BTC options expiry 6:45 = quick VETUSDT glance 10:00 = What helped me see the last dump coming? 14:00 = VET / DOT / LIT 16:15 = Cryptopanic and doge 17:00 = Doge is hilarious 19:00 = coinmarketcal and closing words
by tommytoan11
1
[LITUSDT] 3000% potential long term?!Hi all, Today I'd like to offer a different view with a comparison of two charts. I find it interesting to compare both Venus (XVS) and Litentry (LIT) after their listing on Binance. In my opinion, they formed the same pennant triangle with both a nice W pattern inside on daily timeframes. Both ranged after their Binance listing for several months and as you can see Venus exploded. Will LIT follow the same path? Realistic targets would bring us on LIT at $18 (where it was $9 for XVS back then). Now, as you can see on Venus, it went up to $130 to this day, which would mean LIT with a similar parabolic movement could easily reach $40-100 prices. Current marketcap for LIT: 170M (so atleast potential *9 to reach XVS's marketcap) Circulation supply for LIT: 18.3m Current marketcap for XVS: 1.3B Circulation supply for XVS: 9.7m Even though both projects are not direct concurrents, they're both great projects with good improvements for the DeFi ecosystem. Fundamentals are good for both. Litentry (LIT) remains a new project nevertheless and is still at the beginning. This is absolutely not an investment advice, DYOR. Keep an eye on LIT as if it follows XVS's breakout we will see a massive growth from its current ATH, around $18. There are a lot of "if" for this scenario to happen, but with a massive alt rally expected by many in the next couple of weeks, it could become reaLITy. Good luck everyone! :)
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by cryptologyy
4
LITUSDT - LITENTRY --> Potential Entry Setup //+60% \\MODERATE TO HIGH RISK SETUP! LIT is showing very healthy price action, its one of those alts that's been overreacting to btc going up and underreacting to it going down. Its had some nice touches off 2 FIB levels and there is a very common trend line where LIT loves to come down and ounce off. Usually when it hits it, it doesn't come down much further. BUT! BTC is far from out of the woods, it could easily dip 4%, which could bring LIT down 12% and below the dotted trend line i have marked. Time your entry with where BTC bounces... if it comes down. This is what makes it a difficult entry. Set your buy limit greedily and live with the fact you may not get it. By greedily i mean set it low. -=-=-=-=-=-=- LIT TRADE -=-=-=-=-=-=- BUY: 7.9 TARGET: 12.9 STOP: 5% below your BUY -=-=-=-=-=-=- I love Litentry. One of, if not the only, project dealing with identity authentication in crypto, which is a side to transactions/defi/exchanges that is desperately needing a solution for. I love its price, i like its tokenomics, its team is very active. I think this is a fantastic price to be buying LIT and looking back at LIT price action, when it reaches this zone of price, it VERY often goes up 50%. --==--==--==----==--==--==-- Fundamentals --==--==--==-- Rank #305 Market Cap = $157,704,482 Decentralized identity authentication Total Supply = 100,000,000 --==--==--==----==--==--==--
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by tommytoan11
LIT/USD - Stuck in a massive channel. Break-up to $30 possible?LIT is stuck in a massive channel that spans over 100% in price movement. Since this is a flat trend, the best one can hope in such a scenario is to play the top and bottom range as indicated by resistance and support levels. Nevertheless a breakout from this channel will lead to a significant price action. My bias is that LIT will eventually break-up from this channel and at a minimum will double in price so the next top can be anywhere around $30. A possible path is presented on the chart. For now I expect us to move higher in this channel and eventually break-up. The indicators are also trying to curve up and once we have a bullish cross on MACD moving averages we should have some good momentum behind us to explore higher levels. Keep a close eye on LIT since I am sure it will give us some exciting price action in the future! Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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by DU09
1
LIT/USDT Update: A real shakeout. New recovery on its way.LIT has seen some really badass red candles shortly before we reached our first target. Sometimes that's how it goes. LIT still is traded with low volume and therefore these brutal movements happen. We stopped closely to our "long term" support and hopefully get a proper recovery this time. Same old story, if you missed the previous entry be grateful for this second chance. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
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by tumbler55
LITUSDT Bullish signsHello, Litentry is fundamentally a very strong coin, and after the recent correction, I believe it has opened up opportunities for those who missed the recent to $12+ It bounced off very clearly off the 0.236 Fib level and that area is being help up as support very well, currently it is struggling to get past 0.382 Fibb level. Once the price breaks $9.5 there is no doubt we will see a push up to $11 immediately after. Price will move sideways now as bitcoin slowly strengthens, and moves upwards. Any buy between $8.2 - $8.7 is a very good buy as I believe this coin will be slowly moving upwards from here on out. News and reasons: 1) Litentry twitter feed: Apr 18 - "Parachain upgrade testing. Partners with @CryptoArt_Ai@arpaofficial @zCloakNetwork. Parachain auctions preparation" "Announcing our new partnership with @zCloakNetwork. We will work together to provide privacy protection for user identity data in Web 3.0" 2) TRIX indicator is pulling up on the 4hr candle, from the same levels as we saw around March 25. The price movement around March 25th is very important because it is following the same patterns on the Daily (over sold levels, two big red candles down, followed by weeks of uptrend). I will link a picture below in comments for you to see. 3) This fib level bounce off the bottom is the start of the somewhat bullish run up. This means it won't reach new ATH's but it will generate us enough profit to be happy. 8.2 - 9.4 is a very strong consolidation zone, and oversold zone. TP @ every major fibb level drawn on this chart, 1st @ 9.47 2nd @ 10.49 3rd @ 12.9 and load up more every time we go below 9.5. Trade closed @13.2 OR failure and drop below 7.5 - which has low probability.
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by BARSTrading
2