LIT/USD - Expecting a break towards $7! 😍
LIT is in a bullish trend which just had a nice correction. The correction appears to have ended which indicates that we're in the preparation stages for the next major leg up.
Once we clear the resistance at $5 we should have a smooth ride towards $7 which is our next major resistance. Either way, I see LIT moving higher and beyond that still. The volume lately has been looking solid and the indicators on daily and higher timeframes favors a bullish bias medium/long term.
Any chances to buy LIT at support is a great discount to enter, however, a clean break from the $5 resistance would equally present a good entry (i.e. buying the retest of that resistance turned support).
We also have a nice ascending triangle, hence once this formation breaks, we will get confirmation of our trend.
Like and follow if you liked this idea!
Once we clear the resistance at $5 we should have a smooth ride towards $7 which is our next major resistance. Either way, I see LIT moving higher and beyond that still. The volume lately has been looking solid and the indicators on daily and higher timeframes favors a bullish bias medium/long term.
Any chances to buy LIT at support is a great discount to enter, however, a clean break from the $5 resistance would equally present a good entry (i.e. buying the retest of that resistance turned support).
We also have a nice ascending triangle, hence once this formation breaks, we will get confirmation of our trend.
Like and follow if you liked this idea!
📣 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.