Litusdtanalysis
LITUSDT Forms Inverse Head and Shoulders: Bullish Reversal AheadLITUSDT technical analysis update
LIT's price has formed a bullish head and shoulders pattern at the bottom of the weekly support. The price is now moving towards the neckline resistance for a breakout and has crossed above the 100 EMA on the daily chart. Once the breakout is confirmed on the daily chart, we can expect a strong bullish move in LIT
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Hexa
LIT/USDT Keep an eye on the demand, Potential bounce back to UP!💎 LIT has recently experienced significant market dynamics, encountering a strong rejection in the supply area.
💎 There is potential for LIT to undergo a retest of the demand area around 1.25. A positive sign in the demand, such as a bullish candle rejection, could signal a bounce in price and a return to upward movement, potentially testing the strong resistance area once again.
💎 However, if LIT fails to bounce when it reaches the demand area, and even breaks down below it, it would indicate bearish momentum, with the price potentially targeting the Bullish OB area around 1.035.
💎 When LIT reaches the bullish OB area, it's crucial for it to bounce and resume its upward trajectory. Failure to sustain this area, resulting in a breakdown, could further signal bearish sentiment and lead to continued downward movement for the price.
LIT / LITUSDT
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• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
LIT/USDT Crucial moment. It Required break for switch to Bullish💎 LIT has become a notable entity in the market, currently confronting a significant supply area within a rising wedge pattern. Historically, LIT has encountered this supply zone twice and faced substantial rejections each time. This zone is pivotal; a successful breakout by LIT could signal a shift to a bullish trend in the mid-term and the probability of the next stop is on our target major supply area.
💎 However, should LIT fail to overcome this supply barrier and faces another sharp rejection, it might lead to a downward movement, bringing it back to test the support trendline of the Rising wedge pattern. At this juncture, LIT's ability to bounce back is crucial. Failing to do so could result in a breakdown of the rising wedge pattern and a subsequent move towards the demand area.
💎 The demand zone is critical for LIT's trajectory. While the area has historically been strong enough to support LIT, a failure to bounce back, combined with weak volume and only consolidation over a few days, could indicate a potential breakdown. If this occurs, LIT may revert to a bearish trend and move towards the strong support area.
Lit could double its valueSince the low from mid-May 2022, LitUsd traded in a range, but more importantly, found a very strong base just above 0.5.
Recently, the coin broke above interim resistance and an up continuation could follow.
In case the coin manages to stay above 0.8, it could rise and test 1.6-1.7 resistance.
Litentry (LIT) forming a bullish Shark for upto 28.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Litentry (LIT) with US Dollar pair.
Previously we caught a nice of LIT as below:
Now on a 4-hr time frame, LIT is about to complete a bullish Shark move for the next price reversal.
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 60% and 76 % pump likelyLITUSDT looks ready for a pump.
The upsloping support is being respected and the price is approaching the horizonal resistance.
As the trend is bullish now, we expect the price to break the resistance and fly towards the next key resistances which are shown on the chart.
Good luck
LITUSDT - optimal entry point search! $LITUSDT
⏺Short Entry Zone: 1.081
TP1: 1.024
TP2: 0.976
TP3: 0.933
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⏺Trend-Line: 1.097
⏺STOP LOSS: 1.128
🫥After reaching the first target you can put the rest of the position to breakeven
optimal search for an entry point near
-IMB 1h
-OB
-And the trend line!
LIT BULLISH FORMINGHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LIT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
DAY 12: #LITUSDT (#LONG)More trading signals and their results, in my channel, link in the description
DAY 12: #LITUSDT (#LONG)
2% of the deposit
Margin: isolated
⚖️Leverage: x10-20
🗝Entry point: 0.575-0.583
🎯target 1 - 0.594
🎯target 2 - 0.610
🎯target 3 - 0.636
🎯target 4 - 0.673
🎯target 5 - 0.720
❌stoploss: 0.551
(PENDING ORDERS - 0.560-0.565 2%)
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