LIT is Lighting Up, But Will the Spark Last? ⚡️
LIT has seen a nice pop recently, but let’s not get ahead of ourselves. The price broke out slightly above $0.65, and while the short-term trend is heading up, the major resistance levels around $0.70–$0.75 are coming into play. 🚀 The question is: can this move continue, or is it a bull trap?
Volume is picking up, which is a good sign for momentum, but it's not quite explosive yet. 📊 The 25-day moving average is above the 7-day, suggesting that while the short-term bullishness is there, it’s not strong enough to push through resistance easily. For now, keep your eyes on how LIT handles the $0.70 zone. A rejection could send it back down toward $0.60, but a clean break above might mean LIT is ready for the next leg up! 🔥
What do you think? Will LIT keep shining, or is it time for a pullback? Let me know in the comments and make sure to follow for more updates! 🌟
