LIT/USD - Bull flag confirmed, $12 in play! 🚀
LIT has painted a beautiful bull flag and now we have confirmation with price breaking out of the flag area (in blue)!
A 1:1 extension would put our next target at $12. However, there are quite a few resistance levels to keep your eyes on, particularly at $9 which is also our previous ATH.
However, once we break the old ATH, I think we should have a clear path to $12 and beyond. 🚀🚀🚀
Indicators are looking very good, with a MACD positive cross on 2h and 3h and probably will continue on 4h and above, we just need more history of price. RSI is curving nicely and volume on this breakout confirms it.
Bias remains very bullish on LIT! Enjoy the profits!
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
A 1:1 extension would put our next target at $12. However, there are quite a few resistance levels to keep your eyes on, particularly at $9 which is also our previous ATH.
However, once we break the old ATH, I think we should have a clear path to $12 and beyond. 🚀🚀🚀
Indicators are looking very good, with a MACD positive cross on 2h and 3h and probably will continue on 4h and above, we just need more history of price. RSI is curving nicely and volume on this breakout confirms it.
Bias remains very bullish on LIT! Enjoy the profits!
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.