Litusdt
LIT/USD - LIT is on fire! Can we sustain a move to ATH? 🚀LIT is looking GOOD.
We made a high low forming a nice ascending triangle highlighted in blue and now we're about to break the resistance at just under $9. If we manage to do that this time then I see us quickly moving to $10 and above.
The overall altcoin market is bullish and is led by ETH which is also bullish in my eyes (see below my idea for that).
Indicators on LIT are looking sexy, we just need a bit more volume if we want to push against $9 and $10 soon. Then ATH level is in range.
As I said under ETH, I believe this correction is over and we should explore higher levels soon in most alts, provided we remain bullish and BTC allows for this.
We have consolidated nicely in this range, so LIT has formed a great base between $6 and $8. This is very good for long term gains.
Enjoy the profits and keep an eye on this resistance line, don't think it will hold us down long.
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LITUSDT (LIT) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- LITUSDT brokeout above descending trendline resistance.
- Price action is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
LIT/USDT - Exit from the global triangle. Secondary symmetric 🚀Hello everyone, analyzed the LIT/USDT pair
The trading chart indicates all aspects that need to be taken to make decisions in opening a position.
The first is to wait for confirmation.
The second is to see the return.
Third, look at the stability of the candles and the volume.
There is a chance for a false breakout.
The levels at which I work are indicated on the chart.
-GANN'S ANGLE - INDICATED ON THE CHART
Do not forget that if the father of cryptocurrencies falls, he will drag all his relatives with him.
Be attentive, do not risk your money.
Go to my free channel and chat with other traders. Link in the description
"This is just my opinion, trade with your trading system."
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LIT/USDT Bullish H&S and double bottom as turning signalLitentry took a lot of damage recently.
We can identify a bullish head and shoulders pattern as well as a double bottom at previous support.
Currently we even are producing a higher low.
All that is needed know will be some more volume and we are back in the game.
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
LIT/USD - Head & Shoulder pattern. Can we break out?LIT has formed a large head and shoulder patter which is approaching its end. Will we break the neckline/support and fall or can we push higher?
I am mildly bullish, despite this formation because the overall market remain bullish. However another sharp fall in BTC or ETH price will likely take LIT below our current support, break the neckline and fall.
However, I find such a scenario unlikely. What is more likely is that we will finally break away from this diagonal resistance that has kept LIT down for a while. Why?
1. We made a 5 wave down from our ATH, so this correction should be over soon.
2. Bullish divergence on RSI
3. Overall market remain bullish - pray this does not change!
4. Positive cross on MACD which is likely to move on higher timeframes, if that happens we're gold.
It won't take long now for LIT to pick a direction, we should know by the end of the week were we stand. Good luck!
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LIT/USD - Resistance broken, LIT about to blow-up! 🚀LIT just broke a key resistance that held us back in the past. We moved above $9.5 which clears the path for price to test the $10 and if that wont hold us down, then we're on a clear path to re-test ATH level at $14.7.
The indicators on 4h look great, particularly MACD which did a lovely cross on the positive side, RSI is moving higher and this break of resistance was on good volume!
Bias is bullish on LIT and remains so as long as we keep price above $9. This move has legs and can run much higher, particularly as BTC is looking bullish as well. So keep an eye on the overall market as well (my BTC idea is below).
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LITUSDTLet's try new entries since btc is calming down:
entry: around 9.27
TP1: 11.64
TP2: 14.71
TP3: 16.69
TP4: 18.69
SL: 5.9829
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🆓Litentry/USDT Analysis (25/2) #LIT $LITLIT is heading to 11$ after testing the 7$ zone. If it conquers 11$ zone successfully, we can see it at 15$ zone.
At this moment, we have no enough data to calculate the higher targets
But if it loses the 8$ zone again, the worst case will be happen when LIT may dump to 5$ zone
📈BUY
-Buy: 7.8-8.2$. SL if B
-Buy: 10.5-11$ if A. SL if B
📉SELL
-Sell: 10.5-11$. SL if A
-Sell: 14.5-15$. SL if A
♻️BACK-UP
-Sell: 7.8-8.2$ if B. SL if A
-Buy: 4.8-5.2$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
LITUSDT/1H (UPDATE OF LAST CHART)I can see triangle and bullish falling wedge pattern on the chart.
I think price will rise to the last price (1st rise = base of triangle) due to we saw breakout from triangle and then will pullback on consolidation area (2nd tp will active if you see this pullback) and keep moving it trips as you see.
1st tp and 2nd tp are at strong Fibs area and among them we see another Fibs area (1.618 & 2.618 ) that will be able to reverse trend.
LIT/USD - Lit is getting ready to PUMP! 🚀Check this chart out guys. LIT broke above the current resistance and is now making it support. If the momentum is maintained, we're looking good to go higher.
MACD is preparing to do a positive cross, RSI is going up and volume was very healthy on this last breakout.
Therefore, continuation is expected which should bring us to at least $12, then $15 again.
On a medium term, I expect LIT to reach $16. Then later push much higher.
Bias remains bullish so long we hold above the support line, so far any time LIT dropped to $10 it was a great buy zone! Unlikely we will get it again.
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