LITUSDT trade ideas
LIT forming symmetric triangleLIT is forming a symmetric triangle on the daily chart. A breakout will start a new rally in LIT. LIT is a binance launchpool coin and ready for the Polkadot ecosystem. Build your position in LIT.
Buy Zone: $8.6 - $9.1
Target: $9.9 - $10.7 - $11.6 - $12.5 - $13.7 - $14.9 - $16.2 - $17.5 - $18.8 - $19.9
LIT/USD - Light it on fire, LIT about to POP! 🤩LIT has formed a beautiful ascending triangle and is now posed to move higher as we passed the local resistance indicated by the dotted line.
We are just under the $10 resistance line which will keep price wondering what to do for a while, but with ETH setting a new ATH every day now, alts and LIT as well, will pump... hard.
I expect great gains with LIT, particularly looking at the indicators, where MACD on daily just did a cross on the positive side. This is VERY bullish.
RSI climbing higher as well. The only thing missing is volume. Soon.
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LITUSDTIs LIT waiting for an explosion? Looking forward for it!
Waiting for 2 more confirmations like 7 EMA to go above 25 EMA and for yellow MACD to go above the red line, but chart is looking good.
I am not a financial adviser, just looking at the patterns
LITUSDT long Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
LIT/USDT Update: Genesis block on parachain generatedLIT is forming a flag and we are getting closer to the end.
There were some good news that LIT got a place within the parachain of polkadot.
The price however did not respond to that.
We guess it will soon and it's upwards.
The volume decreased since the launch as it would do within a consolidation phase.
--> Looking for a sharp increase.
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.
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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.
💡LIT: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021📈#LITUSDT
➡️Entry: 9.3$
🎯Target 1: 11.6$
🎯Target 2: 13.7$
🎯Target 3: 16$
🔥 LIT Triangle ContinuationLIT has been forming a big triangle symmetric triangle over the last month. With last night's minor dump, now would be a good time to step in and trade the bullish wave towards the triangle resistance line.
In case bullish sentiment persists, the triangle could be broken on the upper side and LIT could potentially target the current all time high.
Happy trading!
💚LITUSDT 1D-TIMEFRAME ANALYSIS👀💚LITUSDT 1D-TIMEFRAME ANALYSIS👀
Hello ladies and gentlemen
This is my new idea for ✅Litentry👀 LITUSDT
I expect the price to move higher...
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
LIT will be the double in April✅ Buy: 8.60 - 10 ✅
🎯TARGETS:
1- 12.27 (23.00%)
2- 14.56 (45.60%)
3- 22.60 (126.0%)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below 7.70
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Thank you.
- LIT 112% profit -i usually wait for a breakout
but i believe this wave is the one that will break it
so i'm in
Feel free to share your opinion in this one
Good luck !!
