๐ $LIT /USDT Technical Analysis: Eyeing the Next Bullish Breakout!
$LIT /USDT is currently trading at $1.086 (+7.74%), showcasing a strong upward trend after recovering from the 24h low of $0.974. The price tested the 24h high of $1.117 and is consolidating just below this key resistance. Letโs break down the key levels and targets for traders.
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๐ Key Levels to Watch
1. Resistance Levels (Targets):
Target 1: $1.10 โ Immediate resistance; a breakout could push the price higher.
Target 2: $1.12 โ 24h high, a critical level to confirm bullish continuation.
Target 3: $1.15 โ Extended target, aligning with a potential breakout continuation.
2. Support Levels:
Support 1: $1.075 โ Immediate support where buyers are actively stepping in.
Support 2: $1.05 โ A deeper support zone to monitor if pullbacks occur.
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๐ Market Insights
24h High: $1.117 โ Strong buyer momentum tested this resistance, signaling demand.
Volume Surge: LIT saw 3.98M in 24h volume, reflecting active market participation.
Trend Confirmation: The chart shows higher lows and a strong recovery, supporting the bullish outlook.
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๐ฏ Trading Strategy
Entry Zone: $1.075 - $1.090
Targets: $1.10 / $1.12 / $1.15
Stop Loss: Below $1.05
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โ ๏ธ Risk Management Tip
Look for confirmation of volume-backed momentum as LIT approaches the $1.10 resistance. A clean breakout above this level could open the door to further gains toward $1.15.
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LIT/USDT is showing strong bullish potentialโtrade smart and monitor key levels on Binance!
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