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LIT / TetherUS

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LITUSDT trade ideas

[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!
Long
by cryptologyy
2
🆓Litentry (LIT) May-15 #LIT $LITThe buying force at 6$ zone showed us the dip of this period is 6$, so we will start accumulating LIT in the range of 6-7$ for target at 9$ and 12$ zone 📈BUY -Buy: 6.8-7.2$. SL if B -Buy: 5.85-6.15$. SL if B 📉SELL -Sell: 8.8-9.2$. SL if A -Sell: 11.7-12.3$. SL if A ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
1
LIT for Long on futures. It seems to me that recent BTC drop has helped LIT reach the perfect buying zone, which quite a few traders look as perfect occasion for some shopping. Obviously, it's not as exciting as new pair of trainers (yes, I am a trader in a NIKE trainers, not smart shoes xD) in shopping mall, but still quite a good potential for some pennies. So, as long as BTC is not going to have any further falls, we should easy reached all 3 targets marked as 3 blue lines, or even new ATH. Remember, it is not the investment suggestion. It is something what I am going to do, and you are solely responsible for your own money. Good luck ;)
Long
by Przemyslaw_KoziK