LIT/BTC uncorrelated uptrend.Compared to most altcoins, LIT is moving with much less correlation, while building higher highs and higher lows. We expect the current support level to hold, and if it will be the case, the uptrend will continue. BTW, a very good RR ratio is offered for buyers right now.
Litusdt
Litentry (LIT) formed bearish Gartley for upto 22% pumpHi dear friends, hope you are well and welcome to the new trade setup of Litentry (LIT) with US Dollar pair.
Previously we had a nice trade of LIT as below:
Now on a 2-hr time frame, LIT has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
LITUSDT I saw two bearish harmonics patterns a butterfly and an anti-butterfly. These two patterns coincide with the current Elliot Wave counts going through wave B of the corrective ABC phase. As per Wolfe Wave pattern, the TP is at 1.210 but this will only happen if the price will bounce above 0.972 which will make a 5th wave extension. Please note that every time a harmonic pattern TP is reached expect a reaction or pullback that may happen so make sure to secure your gains if ever you have considered my analysis.
Litusd update
As you can see the inverse head and shoulder pattern is forming nicely and we're heading to the neckline to form the right shoulder.
I would be cautious because of the current situation with bitcoin closing bellow the trendline and confirming negativity by forming a lower high on the 4h TF
so i am expecting a pullback on the market as a whole and would personally take profit at the 0.99 to 1$ level for Litusd
Not a financial Advice
DYOR
LITUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for LITUSDT
Here we have R2 as our resistance area. R1 used to be a support area and S1 and S2 are our other support areas and they include the support of the price at some points, clearly. At the present, the price is fluctuating below R1 and we believe it will fall to S1 after a little rise. When it reaches the area near S1, we can consider a long position for it up to R1. And in case the price moves over R1 and gives a fixation there, we will have more rise for it even toward R2. But if the price is able to fix below S1, we will have our short position activated and then more fall would be expected for it to S2.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
#Lit / #USDT : Analysishello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day!.
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Notes related to this analysis :
- The downtrend is breaking
- The downtrend of the rsi line is also breaking
- Also, Macdi is crossing upward
- The price is above MA 20
LITUSDT (Litentry) Daily tf Range Updated till 23-06-22LITUSDT (Litentry) Daily timeframe range. Broke out of its low got back up to retest it, classic move. But the volume is not reasonable here neither the quality of holders. thats where the risks comes from and within low volume rules are barely followed. The R and R ratio is tolerable for position traders.
LIT trend lines#LIT/USDT
$LIT trend lines show price hold the ascending support line and it is below descending resistance.
🐮 break out from descending resistance will face price the resistance zone around $1, that break out this zone will increase price toward ascending resistance around $1.2.
🐻 rejection from descending resistance and break down from ascending support will drop price to support zone around $0.7.
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 major support and the round number$1✔️
if
the price doesn't break the round number of $1 to the downside, we will see more gain at least to the weekly trend line (channel resistance) 🚀
otherwise
before more gain, we can see brief correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
📊 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.