LIT/USDT Bounce from the demand area. Ready to continue upward ?

💎 LIT has recently showcased a notable rebound from the demand area, raising speculations about its potential to target higher resistance levels. Market observers are keenly watching LIT's trajectory, particularly its approach towards the critical resistance area of $1.05.

💎 Should LIT manage to break through this resistance, it could signal an easier path towards reaching the bearish Order Block (OB) target area. This scenario would indicate a positive shift in market dynamics, potentially opening the door for further upward movement.

💎 However, the situation is delicate. A failure to breach the $1.05 resistance, or an inability to maintain momentum from the current demand area, would raise concerns. Such a development could signify inherent weaknesses in LIT's market position, hinting at a bearish trend confirmation.

💎 If LIT succumbs to these pressures and breaks below the demand area, it would solidify a bearish outlook, potentially leading to a further decline towards stronger support levels. This potential shift warrants close observation for signs of sustained bearish behavior.