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.
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LITUSD
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!
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LITUSDT - by buying liquidityAfter the rapid growth the asset corrected. The price is restrained from falling by buying liquidity buffer in the range of $6.04-6.44.
there are no large sales on the asset, so you can expect the price to move up, to sell the asset higher for all comers.
Entry: at $6.61-6.90
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🆓Litentry/USDT Analysis (12/2) #LIT $LITLIT is forming an Inverse Head & Shoulders pattern on the top to continue pushing LIT prices higher. This pattern can help LIT rise to 11$ zone after conquering 8$ zone
I think this is a good opportunity for LIT as it can drastically increase to $13 or even $20 in a short time.
📈BUY
-Buy: 8-8.4$ if A. SL if B
📉SELL
-Sell: 10.5-11$. SL if A
-Sell: 12.5-13$. SL if A
-Sell: 19-20$. SL if A
♻️BACK-UP
-Sell: 8-8.4$ if B. SL if A
-Buy: 4.7-5$. SL if B
❓Details
Condition A : "If 4H candle closes ABOVE this zone"
Condition B : "If 4H candle closes BELOW this zone"
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!
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LIT - LITBTC break. Possible break of the downward wave resistance. Retesting trend, watching for resumption for further accumulation.
Price action looks positive, market sill holding upward trajectory. Up, #X, Breakdown 33% drop although I've seen plenty drift sideways at this stage.
Best, Hard Forky
This Altcoin is LIT!Stepping out of my comfort zone and doing some technical analysis on a coin that has only been trading live for a few days: Litentry (LIT). Using our margin buying support levels, we can predict a 2x move up to $14 from the most recent support level of $7.00. Entering this trade on 2x isolated margin under $8 is ideal, because it places your stop loss below $4.11, which should act as support in the case of a dip.
Disclaimer: *not financial advice, this is just an exercise on my part - I am not entering this trade myself.
LIT/USD - Ascending channel to moon! $16 in rangeLIT seems to have formed a beautiful ascending channel. Right now we are testing the middle level of this channel which also coincides with our support line which represents a key level we need to hold to go higher.
If we should fail and fall under $7, it will not be too concerning as we have support lower as well, just above $5.
LIT has done a great run and we can't really complain. It was expected to have some cooldown. If we consolidate around $7 that would be ideal before we can push higher towards $16.
Best to consider holding this coin for a while if you entered around $4 as it is surely to gain a lot of traction and price increase in the future.
So far we had 4 days of green candles. Lets see how this develops!
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LIT/USD - A love story of price discovery! $10 in range!LIT has done an amazing race so far with three green daily candles since launch on Binance. Who can complain?
Today we nearly touched $10 before being pushed back and now we are continuing to correct from that top. Likely we will push higher from here and reach $10 and beyond soon.
The volume on this coin has been huge today at over half a billion USD! That is higher than the launch day... this is very bullish.
The support we are on right now is holding, should that continue to be the case we will quickly pump higher. If not, there is support at just above $5. Volatility is still very high on this coin and price swings can be quite large, so keep that in mind.
With only 18 million coins circulating right now, LIT has a long way up to saturate this level of demand. As long as that lasts, I see us go much higher.
We also need to let some time pass to get a better sense of future targets, for now claiming $10 and making that support would be great!
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LIT/USD - Bullish price action: expect higher levelsLIT 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.
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LIT/USD - Lit it on fire! Hottest new DEFI token!Today Binance listed Litentry or LIT which is one of the newest addition on the exchange and to the DEFI family as a decentralized identity aggregation protocol.
The fact that LIT was listed on Binance and is part of the Binance and Ethereum DEFI ecosystems makes this a very tempting proposal for some nice gains in the future.
See here for more on LIT: research.binance.com
pbs.twimg.com
With only 18 mil circulating supply and a total maximum supply of 100 mil token, this little defi coin is due for greatness.
Looking at the chart (its less than 1 day - so anything can happen here) we seem to have found a temporary bottom at just under $4 a coin. I'd not be surprised to see us above $10 soon.
Considering the circulating supply and how hot DEFI is right now this project can make serious gains this year (especially as we are in a bull market).
Keep it on your radar!
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