$LIT /USDT Skyrockets – Critical Levels to Watch!
$LIT /USDT is trading at $1.344, surging 141.73% in the last 24 hours. The price has reached a 24-hour high of $1.540, showing strong bullish momentum. This rapid move comes with an announcement of potential project updates, adding volatility to the market.
Key Levels to Watch:
Resistance: $1.540 – A breakout here could push the price toward $1.650 and $1.750.
Support: $1.200 – Holding above this level is crucial to maintain bullish momentum.
Trade Setup:
Long Entry: Above $1.400, targeting $1.540, $1.650, and $1.750. Stop-loss at $1.200.
Short Entry: Below $1.200, targeting $1.100 and $1.000. Stop-loss at $1.300.
Technical Indicators:
RSI: At 86.68, signaling overbought conditions – a potential pullback might occur.
MACD: Positive divergence, confirming bullish momentum.
Given the announcement and heightened volatility, traders should use tight stop-losses and monitor for any breakout or reversal.
#LIT