$LIT /USDT Technical Analysis & Trade Signal🔥🔥

Current Overview:

Price: $0.965 (+10.54%)

24h Range: $0.864 - $0.971

Volume: 3.51M LIT

Momentum: Bullish (Short-term), Potential retracement near resistance.

Technical Indicators:

Moving Averages:

Price above the 50 EMA, signaling an upward trend.

Strong support around $0.900 (50 EMA zone).

RSI: Currently at 72, indicating overbought conditions—be cautious for a minor pullback.

MACD: Bullish crossover, suggesting further upward momentum.

Resistance Levels:

Immediate: $0.971

Key Resistance: $1.00

Support Levels:

Immediate: $0.920

Strong: $0.864

Trade Signal:

Position: Long

Entry Zone: $0.960 - $0.970

🎯 Targets:

1. Target 1: $0.990 (Short-term resistance)

2. Target 2: $1.030 (Psychological resistance and Fibonacci extension 1.618 level)

3. Target 3: $1.070 (Key breakout level if momentum sustains)

Stop Loss:

Place at $0.900 (Below major support and 50 EMA).

Trade Momentum:

Short-Term: Bullish momentum driven by volume.

Mid-Term: Watch for consolidation above $0.971 for further upside.

Risk Management: Monitor RSI and volume for potential reversal signals.

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