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LIT / TetherUS

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LITUSDT trade ideas

Observing Litentry prt 5 Hello fellow traders! I was playing with the log layout and this is what I came up with At the moment we are in a critical triangle, most likely it won't dump because the overall market is bullish We need to find some support above the $12.5 and then everything is possible. If it breaks below our next stop will be at around $10.1 but only for a short shake-of, it will easily return to early 11's I am neutral for the next hours, in general I remain bullish ;) Tomorow is the Litentry AMA interview at Binance Lets see how this will play out what you think? Cheers!
by DGminer
2
Lit to the moon again 🚀Thanks to the market conditions it gave us a new entry position for buying the dip. As we can see due to the increase in BTC dominance yesterday all the ALTS dumped and in my opinion it's a healthy correction for a huge pump so don't panic or FOMO everything will be on track. LIT is one of the coins which has very good profit potential and it will reach 17 and 18 easily, for me i will buy more at 11$ to increase my bag and let's go to 17$ 😍😍🚀🚀
Long
by Mmamduh
3
LIT/USDT is breaking out after consolidationHey guys, Another quick analysis here. LIT was consolidating like many other alt coins. I believe the consolidation is over and we started to break out to the upside. Why? 1. We were in a down trend in the hourly. It seems like we are breaking above the trendline right now. 2. We are very close to the bottom Bollinger Band. Moreover, LIT is moving in an upward sloping band. The bottom of the Bollinger Band overlaps with the bottom of the upward sloping channel. 3. I have been watching the chart closely since yesterday. I was expecting the price fall to mid $10s, but the buy pressure around $11 is very strong. The price tried to break down a few times below $11 in the hourly but wasn't able to succeed. The sellers have exhausted themselves. The volume has been faded. It seems like it is time for reversal. This is how I evaluate the LIT chart. This is definitely NOT a trade or financial advice. Let me know what you think about my analysis. Thanks!
Long
by TableLamp
2
LIT/USD - We left the channel. Bearish price action!⛔As expected, after quite a nice pump to almost $15, LIT corrected quite deeply and we fell off our large ascending channel. This is no surprise, because LIT is still a young coin and price has to find its support and resistance levels, so volatility remains high. Where are we now? After falling off the ascending channel we had one small attempt to pull back in, but that was quickly pushed back... this is bearish. Then the indicators are not looking too good. We have a bearish MACD and RSI on 4h timeframe. Therefore I expect us to fall a bit lower up to around $10 when I would expect LIT to pump out again. So watch the key area in blue because there price will have a sharp reaction. If we fall under $10, then that won't be good... but too early to call that and seems unlikely. For now I remain bearish as long as we don't break this diagonal resistance. Like and follow if you liked this idea. Also join my crypto community to stay in touch!
Short
by DU09
8
Observing Litentry prt 4Hello fellow traders! Thank you so much for your lovely comments and appreciation for my charts I really hope they helped you to be inspired and develop your own profitable strategies! :) It was a wild day for LIT for sure, so volatile to BTC price movements, our bullish momentum to the moon got halted but we will recover ;)  Yesterday I was certain that BTC Dominance will surge and all the alts will bleed heavily that's why I decided to sell my LIT at $14.5 and buy it again at a lower price. But when I saw some bullish signs I FOMO in and bought it back at $13.7 and that was a big mistake, FOMO is our worst enemy, it creates stupid excuses it bypasses our logic and our well thought strategies. To improve our skills we need to acknowledge and learn from our mistakes The most strategic price to bought back LIT after the $14.5 top would be at $12.5, at $12.5 was and still is a great support zone At the moment we need to regain control at the $12.5 to $14.7 zone and all the micro zones in between and then consolidate with confidence above the $14.5 level, after this a healthy pump to $16.7 is very likely. All the above are possible only if BTC let us, we need a steady BTC price action, not to disappoint you but BTC is at a critical level... BTC gets rejected at $50k ? we dump... BTC surges above $50k ? We also get dumped... lets face it, BTC close to $50k has all the traders attention. Always have the BTC dominance chart on when you trade altcoins (Tradeview search ''BTC.D")  , also pay attention to BTC price action, trading alts when BTC is at critical levels is tricky keep fomo and fud under control, as long we are above $12.4 - $12.5 we are at healthy levels but even if we fall below we will recover, buyers are in, Letentry is gaining popularity in social media. Very bullish for our little gem Cheers!
Long
by DGminer
4
LIT/USDT Looking for a sweetspot-entry at around 10$LIT is the first of its kind trying to create a secure Identity/Identity verification onto the blockchain structure. Very new coin coming out of the binance foundation/voting group. So far LIT only went up within a nice rising channel. I guess we hit the bottom of the channel again before we move upwards again. Therefore I am looking for an entry around 10$. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Cheers
Long
by tumbler55
2
LIT/USD - LIT preparing to EXPLODE! 🚀🚀🚀LIT is doing some nice gains every day, a bit shy, but the trend is very clear and we appear to slowly form a massive ascending triangle! What I love however are the indicators... MACD on 4h just did a beautiful cross on the positive side these past 24h, RSI is going up... the only thing missing is some nice volume to propel us upwards. But that will come as soon as we move away from the ATH and break that resistance at $9. When that happens, I expect massive gains in a short period. Prepare the rocket because we may have some explosive green candles ahead of us. :) Bias is extremely bullish as long as we maintain the trend/support. Like and follow if you liked this idea. Also join my crypto channel to stay in touch!
Long
by DU09
9
LIT/USD - Path to $60 🚀🚀🚀LIT has done very well since my last idea. As you can see we are comfortably sitting over $14! Not bad right? :D We appear to be in a very nice ascending channel on the way up on leg 3 which is always the longest and largest... using a nice Fib extension we see that if this holds true, we can easily go to $30 before any sustained correction back to $18. On this road to heaven, we have a few bumps. The first one is at $16-17, then the channel mid-point around $20 and lastly the top at $30 where I would expect a rejection if we make it there before pushing higher still. LIT is a great long term hold at least until summer, therefore, don't rush to sell because this chart is anything but bearish. Have a plan, have a strategy, take profits at key levels. This path here ends at $60, LIT can go higher this year and this path may not look like this in a month, however, LIT will continue to grow, especially due to its low circulation supply. Enjoy the profits! Like and follow if you liked this idea. Also join my crypto community to stay in touch!
Long
by DU09
8