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LITUSDT trade ideas

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 --==--==--==----==--==--==--
Long
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!
Long
by DU09
1
LITUSDT is testing the weekly support 🦐The price is testing the weekly support after a breakdown of symmetrical triangle. On the 4h timeframe the price is creating a minor wedge. IF the price will have a breakout from the minor wedge and the price will recover the main triangle, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
22
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.
Long
by tumbler55