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LITENTRY/USD TETHER

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LITUSDT trade ideas

LITUSDT.1DThe daily chart of LIT/USDT displays a bullish trend, with the price recently breaking out from a consolidation phase and approaching a significant resistance level. This analysis will discuss key price levels, assess the current trend's strength, and interpret technical indicators to anticipate potential future movements. Price Action and Structure: LIT/USDT has exhibited strong bullish momentum as indicated by the recent sharp rise in price. The asset is currently trading around $1.053, nearing the resistance level at $1.378 (R1). Resistance and Support Levels: Resistance Levels: The immediate resistance is at $1.378 (R1). If the price can surpass this level, it may target the next significant resistance at $1.874 (R2), potentially testing the recent high near $1.937. Support Levels: Key support is found at $0.775 (S1), which previously acted as a consolidation point. A deeper support lies at $0.446 (S2), providing a safety net in case of a significant retracement. Moving Averages: Not explicitly shown on the chart, but typically, the relationship between the price and moving averages can provide insight into the overall trend's strength. If the price maintains above key moving averages, it reinforces the bullish sentiment. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) is currently negative but showing a convergence towards the signal line, indicating a decrease in bearish momentum and a potential bullish crossover soon. RSI: The Relative Strength Index (RSI) is at 64.90, which suggests that the market is neither overbought nor oversold. This level indicates healthy bullish momentum without immediate risks of a significant pullback due to overbought conditions. Conclusion: LIT/USDT is in a strong bullish phase, approaching crucial resistance at $1.378 (R1). The asset's ability to break and hold above this level could lead to further gains towards $1.874 (R2). The technical indicators support the continuation of this bullish trend, with the MACD hinting at an impending positive crossover and the RSI indicating sustained buying pressure. Investors should monitor these resistance levels closely and watch for potential retracement towards support levels if resistance holds strong. The upcoming trading sessions will be critical in determining whether LIT can sustain its upward trajectory or if it will face resistance-induced consolidation.
Long
by MarsSignals
Litentry $LIT Price/Time Update.As per the majority of the altcoins, the 5th of august represented a new price/time set up that yesterday, after almost 128 days, showed up a huge cycle closure. The pace of the price so far, wasn't enough strong to encourage the holders to aim very high targets and, in my opinion, it will be not higher than 3 $ before the end of the cryptomarket bull cycle. Personally I will hold AMEX:LIT till April 2025 as I have identified this date as the end of the bullish season of this altcoin. See you in the next crypto catch up. Math
by math_rave
3
Is a Breakout Imminent for #LITUSDT? Key Levels to WatchYello, Paradisers! Is a breakout imminent for #LIT or not? Let's discuss the latest analysis of #Litentry and see what's happening: 💎After 4-5 months of a slow and steady downtrend, #LITUSDT is now approaching a pivotal moment. The price has bounced off the major demand zone at $0.56 and is currently testing the upper boundary of a Descending Channel. The burning question is—can the bulls keep up the momentum and spark a true rally? 💎To fuel this breakout, #Litentry needs to overcome the internal resistance at $0.84. This level, which acted as strong support twice before, has now turned into a significant barrier. A breakout above $0.84, especially if accompanied by rising trading volume and the 20 EMA, could signal that the bulls are ready to take control and drive prices higher. If this scenario unfolds, prepare for a potential rally toward the next major resistance level. 💎If the bulls struggle to maintain their push, we could see a pullback toward the crucial support zone at $0.567, potentially retesting the breakout point. Failure to hold this level may trigger a slide, with #LIT likely dropping to the $0.435-$0.477 support range. 💎The true risk emerges if the $0.435 support fails. A breakdown here would likely hand control back to the bears, leading to a deeper correction and squashing hopes for a short-term bullish recovery. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
[LITUSDT] Easy X2 to take in DecemberHi all, Here is a quick view on Litentry (LIT). LIT is trying to break this trendline (around $1 price). If we do, we could expect a quick rise throughout December up to, in my opinion, the 0.382 fib level. Whole market is bullish right now so it shouldn't be difficult to reach this target. TP areas : ~ $1.25 ~ $1.60 ~ $2 Volume is still low but growing, RSI is getting bullish on the weekly timeframe and MACD as well. Not a financial advice, always do your own research. Good luck! :)
Long
by cryptologyy
The wolf of wall street I found this figure, i called it "The Wolf Of Wall Street" because it look like a wolf face looking down it start by 2 or 3 bearish candles then the buyers pull up but the sellers pull down at majority until it touch the lower low point, and you can know it's the lower low point because there is 1 or 2 small candles who pull up again after the last lower low candle point, that's where i enter in the game because i know after at least 2 other bullish candle coming (for the small volumes i found the bullish, stop at the second bearish candle of the figure, but when there is good volume it will go up and sometimes even a big momentum) i use it on M30 or H4 it's work BUT i didn't backtest so it's just an idea you can try :) let me know in the comments ana
by iamana44
LIT About to Break Descending Wedge on Daily Chart!AMEX:LIT is in a large wedge on the Daily chart but is within a consolidation and below the 200-period averages. If it breaks this wedge it will still fight to break the averages that are just above the resistance. So we can say that this is a price fight zone where buyers and sellers are constantly fighting. After that, we have a clear path to the next resistance between 1.16 and then the 1.8 region. We can say that this is an asymmetric trade since the R/R (Risk/Return) is 15:1 if we consider the stop on the last big red candle. Keep an eye on the breakout, now it could be a good entry since it hit the bottom of the wedge, but it is still below the averages on the daily and the 4h chart for both the Lit/BTC and Lit/USDT pairs. This is one of the trades that can put a lot of money in your pocket if managed correctly!
Long
by dyrich_
Litentry 475% Potential (The Altcoins Market)I always like to keep the charts simple, so there is no way to get lost. Only the Bitcoin charts and analyses contains lots of data, signals and jargon; but when it comes to the Altcoins, we tend to keep it simple because there aren't that many people reading those. Since there aren't many people reading, there is no need to clear doubts, we can show what is there and people can see it; you can see it, can you? The Altcoins have been growing and they have been growing just as we expected. Some pairs are moving down while others are moving up, just as expected. If everything continues to go, just as expected, we expect to see maximum growth in the coming months. Litentry (LITUSDT) hit a major low in August 2024. It wicked below the August 2023 low but closed above it. This is the signal that tells us the pair is in the bullish zone. After this event, we have some sideways action and we have some early bullish action. The early bullish action is not enough to call for a major bullish wave, but the bullish potential is there above long-term support and we have the support of the rest of the market, many Altcoins are growing 2-3 digits in a single day. This is enough to call for a strong bullish wave next. The targets can be seen on the chart. We are aiming for 475% or higher but there can be some resistance short-term. These are also mapped on the chart. Buy and hold. Patience is key. Thank you for reading. Namaste.
Long
by AlanSantana
LIT is bullish (1D)From where we put the red arrow on the chart, it looks like the LIT correction has started. The correction seems to have been a double correction. An important trigger line has been broken. By maintaining the green range, the syringe can move towards the targets. The targets are marked on the chart. Closing a daily candle below the invalidation level will violate the analysis invalidation level : 0.651 For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
LIT Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: LIT is in a downtrend but holds a solid support trendline at $0.55. The recent rebound indicates a potential bullish rally for LIT. In the past, LIT has respected this support trendline and is likely to do so again. The RSI is low, suggesting that bullish momentum may be on the horizon. Key levels: - Primary Support: $0.55. - All-time low: $0.388. - Target: $1.4-$1.6. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
2
LIT potential scenariosLIT is currently at the lower boundary of a descending wedge. This pattern indicates increased selling pressure, but it also shows a gradual reduction in that pressure, suggesting a potential reversal. Potential Scenarios: Breaking Out of the Descending Wedge: If LIT manages to break out of the descending wedge to the upside, it could lead to a price increase toward targets of $0.8 and $0.93. These levels would act as key resistance points, and surpassing them could further strengthen the bullish trend. Continuation of the Downtrend: If LIT fails to break out of the descending wedge, the downtrend might continue. In this scenario, support levels at $0.53 and $0.61 can be crucial for observing market reactions and analyzing the next moves.
by MonoCoinSignal