$LIT /USDT - Technical Analysis & Trade Plan!🔥💯
📊 Current Price: $0.924 (+7.19%)
The chart indicates strong bullish momentum, with the price testing a key resistance zone around $0.940-$0.950. This zone is critical as sellers have previously controlled the market here, but consistent retests hint at a potential breakout.
Next Market Move:
• Bullish Scenario: If LIT breaks above $0.950 with strong volume, expect a rally toward $0.980-$1.00 in the short term.
• Bearish Scenario: Failure to sustain above $0.940 could lead to a retracement back to $0.900-$0.880, a solid demand zone.
Trade Strategy:
• Long Entry:
1. Breakout above $0.950 with confirmation (volume spike & close above resistance).
2. Targets: $0.980 and $1.00
3. Stop-Loss: Below $0.920.
• Short Entry:
1. Rejection near $0.940-$0.950 and price closes below $0.920.
2. Targets: $0.900 and $0.880
3. Stop-Loss: Above $0.960.
Summary:
LIT/USDT is at a crucial pivot. Bulls need to conquer the resistance zone to continue their upward trajectory. Traders should wait for confirmation before entering trades. Always manage risks with well-placed stop-loss orders!