LIT/USD - Bullish price action: expect higher levels
LIT was launched yesterday on Binance and a day later, we're looking healthy!
On daily timeframe we have just painted a second GREEN candle, unlikely it will close red looking at this chart. We just broke UP from the pennant which is a very nice bullish move.
Indicators are looking great as well:
MACD: expanding up - bullish
RSI: Pumping - bullish
Volume: high volume at breakout from pennant - bullish
All this means interest in LIT is very high and buying at under $4 will soon be considered a discount. If we paint a higher high, then we're in business for some nice gains in the future.
I like how this looks, bias remains bullish. For that to change we need to set a new low.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
On daily timeframe we have just painted a second GREEN candle, unlikely it will close red looking at this chart. We just broke UP from the pennant which is a very nice bullish move.
Indicators are looking great as well:
MACD: expanding up - bullish
RSI: Pumping - bullish
Volume: high volume at breakout from pennant - bullish
All this means interest in LIT is very high and buying at under $4 will soon be considered a discount. If we paint a higher high, then we're in business for some nice gains in the future.
I like how this looks, bias remains bullish. For that to change we need to set a new low.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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