#LITUSDT is compressed within a falling wedge pattern, a classic bullish reversal signal.
If #LIT gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $0.5. This level has consistently provided strong support and is rich with liquidity.
Should #LITUSDT fail to bounce back from the $0.5 support, our eyes will be on the next critical level at $0.400 . Historically, this level has been a stronghold, and the probability of a rebound here is notably higher.
But remember, if #LIT breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation.
