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LITUSDT trade ideas

Its LIT$; Strong Fundamentals, Good technicals.Litentry: DID Aggregator, If you want techincals its in the section below. Ive been eyeing up litentry ($LIT) for the last month or two; it’s an innovative project backed with a strong team, solid fundamentals, and a realistic use case (if executed properly). For the time being, it is a speculative investment, given that the core product has yet to be launched and utilized by the general public. Feel free to jump into any section, perhaps this rant isn’t worth the time. Nonetheless, ill briefly explain the purpose of the project: What does it do? (Fundamentals) Litentry aims to aggregate data to identify unique users within multiple blockchains (read; interoperability) and facilitate multiple functions/features that previously were difficult to achieve in DApps. For example, suppose litentry manages to create unique IDs for people like you and I, and with these newly established blockchain identities we can undertake a new set of actions. A list of the common hypothetical actions include. *Personal Credit Scores: In the "real world", individuals acquire loans and credit through a system of scores and ratings (FICO, AAA, BB-). These scores are assigned by credit institutions like moodys, equifax, and fitch which ultimately designate your credit worthiness (how much you can borrow and/or at what interest rate). The system is based mostly on historical data; if you default on debt a lot, you lose the privilage of credit, but if you pay promptly youre allowed a bigger loan and/or at a lower interest rate. On the other hand, the "DeFI world" attempts to offer banking services to everyone, without exlclusivity, bias, or censorship, and right now, its limited by its collateralization ratios and requirements. If youre a small business owner in Nigeria and would like to expand you inventory by 10,000 USD via a personal/business credit utilizing the current DeFi services you would at least need to collateralize this loan with 20,000-30,000 USD worth of ETH, BTC, or others. If you don’t have collateral, you dont have DeFi; kinda lame. But, if you had built up a strong credit history on the blockchain, you could secure microloans (maybe even the full loan) using your DID that litenty has aggregated for you. Enter a new paradigm for DeFi in the world. *DAO Participation: It seems almost every token these days offers decentralized autonomous participation to its holders. That’s pretty cool, and analogous to shareholders in the stock market. In the "real world", financial reporting allows us to understand share distribution with reporting and compliance of large shareholders. And in blockchain tokens, we have that too, and even better. We can follow in real time the movement of tokens with every address that sends and receives the asset, if you knew Warren Buffett’s blockchain address, you could see when he acquired ETH, or when he sold it. But what if he held billions of ETHs spread out over thousands of addresses, he owned? Suddenly what seemed decentralized is no more, and ETH (or Token “X”) is a centralized organization. If you could assign unique identities to each holder voting and participation would be even more fair and decentralized this way. *KYC: Lastly, if you are going to run through a process of KYC with every new customer or with returning customers (log-ins) it would be quite easy to have an identity at hand to sign on/in. I´m Buying (Technicals) As you can see, we are in a pretty large range, excluding the local top of February, the horizontal price movement seems to be bound from 7.90$ to 12.50$ +- some cents. I like horizontal movements given that they often suggest some large accumulation (the bigger the accumulation the stronger the move to the upside and downside). A very weak trend has been established, its almost not noteworthy but its something to keep in mind just in case. I have bought small amount at 8.70 and intend to buy larger amounts near the POC. Its hard to snipe an entry with such a volatile asset, but if I were to call a sniping entry it would be at 7.97$ (+-0.02). Dollar-cost averaging this entry is key and expect a slightly larger holding period for bigger returns. However, the market in ETH is super-hot, and litentry hasn’t really followed the pace, it has a positive correlation (.43) to it so I can only hope it will catch up. Good trading, Matthias M.W
Long
by wachterxc
LIT/USDT Breakout Soon Hi guys, Here's a quick look at LIT /USDT 4H chart. As we can see, we are making a triangle and we are close to breakout soon. We are still in the bullish channel and we formed a triangle that is close to breakout. With a good volume if we break up we might see good profits. Macd is a crossed-up bullish sign. The triangle Resistance level is 9.1$/ 9.2$ levels with a conformation my targets are: TP 1: 9.6$ TP 2. 10.03$ TP 3.11$ / 11.3 $ TP 4. 11.5$ TP 5.12.2$ Trade Safely This is not financial advice! Just my idea about LIT! Do your own research. If do you see a mistake or want to help, you can write in the comments. It's my first time so take your own risk. Not investment advice. My ideas are only helpful and not advice to buy or sell, you are the decision-maker.
Long
by MaxxSta
1
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.
Long
by BARSTrading
2
LITUSDT is ranging between weekly structuresLITUSDT is ranging between weekly structures and the price is creating a very nice triangle. IF the price will have a breakout upward, 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
1
LITUSDT wants the breakout 🦐After a nice brekaout from a triangle on daily timeframe, the price is creating a descending channel below the daily resistance. IF the price will have a breakout, 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
8
LIT Bullish Signal for April - new ATH > $15.00-- Technical -- Price has dipped to a recently low and building up to a new ATH . Volume is supporting new upwards trend. Expect to see new ATH and potential price exceeding $20 in the coming weeks. MACD is turning into bullish trend on the 1H. -- Fundamentals -- Binance is promoting LIT and is offering prizes for best execution and trading of LIT. FYI $50k to best execution trader. Price action very bullish LIT will support KYC function on the Polkadot blockchain and has large long-term value. Happy Bull Market come Alts season. Please like, comment and follow.
Long
by Tez8