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!
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!
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