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LIT / TetherUS

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LITUSDT trade ideas

🔥 LIT Bullish Reversal TradeLIT has been seeing some tough times as of late. A lot of cryptos are seeing bullish pressure, but it doesn't seem to be the case for LIT. What I do see is that lit seems to have a very strong support at the 6.50 area. This trade is based on a bullish reversal from said are. Before entering this trade wait for the price to touch the Entry line. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows. Do your own due diligence. Happy trading!
Long
by FieryTrading
27
LIT/USD - Head & Shoulder pattern. Can we break out?LIT has formed a large head and shoulder patter which is approaching its end. Will we break the neckline/support and fall or can we push higher? I am mildly bullish, despite this formation because the overall market remain bullish. However another sharp fall in BTC or ETH price will likely take LIT below our current support, break the neckline and fall. However, I find such a scenario unlikely. What is more likely is that we will finally break away from this diagonal resistance that has kept LIT down for a while. Why? 1. We made a 5 wave down from our ATH, so this correction should be over soon. 2. Bullish divergence on RSI 3. Overall market remain bullish - pray this does not change! 4. Positive cross on MACD which is likely to move on higher timeframes, if that happens we're gold. It won't take long now for LIT to pick a direction, we should know by the end of the week were we stand. Good luck! Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
Long
by DU09
9
LIT/USDT Trying to recover and close to supportLitentry took a heavy blow from the last Bitcoin downfall. Now trying to recover it needs some attention since the volume currently is too low. Maybe the "Farming" opportunity at Cakeswap will help. Reef is having a hard time and is close to two resistance lines. Expect a small pullback to gain some momentum for a breakthrough. Bitcoin is consolidating which normally is a good sign for altcoins. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Cheers ps. Chart explanation: 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. Purple lines are trendlines we take a look at. Yellow lines are for visual help only.
Long
by tumbler55
2
LIT/USD - Resistance broken, LIT about to blow-up! 🚀LIT just broke a key resistance that held us back in the past. We moved above $9.5 which clears the path for price to test the $10 and if that wont hold us down, then we're on a clear path to re-test ATH level at $14.7. The indicators on 4h look great, particularly MACD which did a lovely cross on the positive side, RSI is moving higher and this break of resistance was on good volume! Bias is bullish on LIT and remains so as long as we keep price above $9. This move has legs and can run much higher, particularly as BTC is looking bullish as well. So keep an eye on the overall market as well (my BTC idea is below). Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
Long
by DU09
3