$LIT /BTC Technical Analysis & Price Target - Binance Market Overview
The $LIT /BTC trading pair has shown strong positive momentum over the past 24 hours, with a 14.55% increase in price. Here’s an in-depth analysis of its current performance, key support/resistance levels, and potential price targets.
Current Price Action:
Last Price: 0.00001039 BTC
24h High: 0.00001039 BTC
24h Low: 0.00000907 BTC
24h Trading Volume: 13,261.10 LIT (~0.9838 BTC)
/BTC has witnessed a solid 14.55% increase in the last 24 hours, indicating a bullish trend. The price is currently at the 24-hour high of 0.00001039 BTC, with a strong trading volume of 13,261.10 LIT. This momentum suggests a possible continuation towards higher levels.
Key Moving Averages:
MA(7): 0.00000995 BTC
MA(25): 0.00000960 BTC
MA(99): 0.00000929 BTC
The price has been trading above the 7-day moving average (0.00000995 BTC), showing a short-term bullish trend. Additionally, LIT/BTC has broken through both the 25-day and 99-day moving averages (0.00000960 BTC and 0.00000929 BTC, respectively), signaling increased buying activity and the possibility of further upside.
Market Depth and Price Levels:
Support Level: The immediate support for LIT/BTC appears to be around 0.00000907 BTC, which is the recent low.
Resistance Level: The 24-hour high at 0.00001039 BTC is acting as the current resistance. A breakthrough above this level could set the stage for further price appreciation.
Price Target:
Given the current bullish trend and the strong upward movement, the LIT/BTC pair has the potential to continue pushing higher. A breakout above the 24h high of 0.00001039 BTC could lead to a target of 0.00001047 BTC, as this represents the next level of resistance, followed by 0.00001050 BTC. If this resistance is breached, further upside potential may open towards the 0.00001100 BTC region.