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LIT / TetherUS

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LITUSDT trade ideas

LIT GOT STUCK BUT!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. Here is a quick update on LIT📚 👉As we can see price is still overall BULLISH, trading inside this rising broadening wedge pattern. 👉Moreover, price is sitting around our lower rising trendline acting as a non-horizontal support, lining up with the previous major highs, Meanwhile, we are interested and looking forward for new bullish impulse. 👉Meanwhile, from a short-term perspective, price got stuck inside this range, and for the bulls to kick in we need a break above the marked major swing highs, then a movement higher would be expected. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
LIT BULLS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. LIT OVERALL BULLISH THEN WHAT! As we can see price is trading inside this rising broadening wedge pattern from a medium term perspective. Moreover, price is sitting around our lower rising trendline, lining up with our previous major highs acting as a minor support zone, where we will be looking for new bullish impulse. Meanwhile, on H4 time frame price is still bearish, and for the bulls to take over we need a break above the marked major swing high, then a movement higher would be expected. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
LIT/USDT Bounce from the demand area. Ready to continue upward ?💎 LIT has recently showcased a notable rebound from the demand area, raising speculations about its potential to target higher resistance levels. Market observers are keenly watching LIT's trajectory, particularly its approach towards the critical resistance area of $1.05. 💎 Should LIT manage to break through this resistance, it could signal an easier path towards reaching the bearish Order Block (OB) target area. This scenario would indicate a positive shift in market dynamics, potentially opening the door for further upward movement. 💎 However, the situation is delicate. A failure to breach the $1.05 resistance, or an inability to maintain momentum from the current demand area, would raise concerns. Such a development could signify inherent weaknesses in LIT's market position, hinting at a bearish trend confirmation. 💎 If LIT succumbs to these pressures and breaks below the demand area, it would solidify a bearish outlook, potentially leading to a further decline towards stronger support levels. This potential shift warrants close observation for signs of sustained bearish behavior.
by MyCryptoParadise_Nathan
LIT/USDT probability of bullish move from support?🚀LIT Analysis💎 Paradisers, take note of the potential opportunity with #LITUSDT, which currently shows a heightened probability for a bullish continuation from its support zone. 💎 #LIT has recently experienced a downturn due to market uncertainties. Currently, it seems poised to regain momentum from the support zone at $0.787. If the price sustains its momentum above this level, there's a good chance it will initiate a bullish movement, aiming to overcome the substantial resistance at $1.671. 💎 The ever-evolving cryptocurrency market demands a flexible approach to our trading strategies. If #LIT encounters difficulties in holding its ground at this support zone, a strategic adjustment might be in order. 💎 Under such circumstances, our Plan B would focus on a bullish push from a lower support level, specifically at $0.696. It's imperative to stay alert, as a breach of this level could be an early indicator of a trend shift towards bearish territory. 🌴💰
Long
by MyCryptoParadise
1
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.
by MyCryptoParadise
LIT Correction ExpectedHere's my analysis for LIT: We observed a low in August, accompanied by bullish RSI divergence. A new higher high was achieved in late October. The token is trending within a well-defined ascending channel (illustrated in black). Recently, there was a failed attempt to break out from this channel, marked by bearish RSI divergence. Based on these observations, my overall outlook for LIT remains bullish. However, I anticipate a phase of consolidation or correction in the near term. I plan to monitor for a potential test of the green support line and the lower boundary of the ascending channel.
by Stoic-Trader
LIT MEDIUM & LONG TERM Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. LIT GOT STUCK! As we can see price got stuck inside this rangy market where we will be looking for new longs around our lower bound of this range. Meanwhile, for the bulls to kick in from a medium term we need a break above the first major swing high, then a movement higher would be expected till the upper bound of this range. Moreover, for the bulls to take over, from a long-term perspective, we need a break above the upper bound of this range then a shift in momentum would be expected. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
LIT/USDT Ready for a Bull Rally? 👀🚀LIT Analysis 💎 Paradisers, focus your attention on LITUSDT, which is currently showing a significant setup in the demand zone, further reinforced by a recent Market Structure Shift (MSS). This situation indicates a high probability for a bullish trend. 💎 When examining LIT's pattern, Litentry has a consistent history of breaking above its descending trendline, a strong indicator of potential upward movements. Presently, it's approaching a key Bearish Order Block (OB) challenge, with ongoing strength above the EMA100, directing towards supply targets at $1.42. 💎 However, given the ever-changing nature of the crypto market, it's vital for LIT traders to be ready for various scenarios. Should the anticipated bullish breakout not occur, shifting to a rebound strategy from the support level at $0.81 will be key. 💎 A decline below this support level would call for a reassessment of strategies, signifying the need to reevaluate the bullish perspective and modify trading strategies to suit new market trends. 💎 Stay focused and strategically adept, Paradisers. Your ParadiseTeam is committed to providing in-depth analysis and strategic guidance, helping you make informed trading decisions in these dynamic market conditions.
Long
by MyCryptoParadise_Simon
1
LIT TREND-FOLLOWING Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. What's next on LIT. As we can see price is still overall bullish from a medium-term perspective, and as we mentioned previously we were expecting a further bullish movement specially after breaking above our falling channel. For now price is still bullish, and as the price will be approaching our lower rising trendline, we will be looking for new longs from a shorter term perspective, as a new impulse movement. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali