$LIT
/USDT Technical Analysis💯🔥
Current Price: $1.221
Momentum: Bullish (Up +30.59% in the last 24 hours). Strong buying activity observed.
Trend: Recovering sharply from a 24h low of $0.875, suggesting a breakout pattern.
Trade Signal
Entry Point: $1.200 (safe re-entry zone after slight pullback).
Stop Loss: $1.100 (below recent support to limit risk).
Momentum Indicators:
RSI: Indicates overbought (>70). Look for corrections.
MACD: Shows bullish crossover, aligning with upward momentum.
Volume: Strongly rising, signaling sustained interest.
Target 🎯 Levels
1. Target 1 (Short Term): $1.250
2. Target 2 (Mid Term): $1.320
3. Target 3 (Long Term): $1.400
Trade Momentum
Short-Term View: High, breakout in progress with increased buying interest.
Medium-Term View: Potential for sustained growth but watch for resistance near $1.320.
Long-Term View: Bullish above $1.400, indicating the possibility of a longer upward trend.
Always manage risk effectively and monitor the market closely for changes in momentum.