Hey fellows
It happened sooner than I expected, LIT broke through the green line with high volume, and now is trying to be established above the withe line
Purple line is at the level of the old ATH at about $9.5 and it is supporting LIT strong
We can see a ''W'' pattern forming that is very bullish.
If we go even slightly above the new ATH at $11.640 it's very likely that we will see some kind of a bull-trap
There seem to be some heavy wallets that are pushing the price down, let them sell now so they will cry later ;)
If the bull-trap does not play out the next ATH will be at about $14.5 with a possible small stop at $13.1
BTC Dominance is surging so in case of BTC gets rejected at $50k and goes on correction this will push LIT back to test once again the $9.5 level
if BTC rejection is strong then is possible to go even below the $9.5 level but only temporarily
Overall I am bullish for LIT, short term $20 is very possible
take care
Cheers. :)
It happened sooner than I expected, LIT broke through the green line with high volume, and now is trying to be established above the withe line
Purple line is at the level of the old ATH at about $9.5 and it is supporting LIT strong
We can see a ''W'' pattern forming that is very bullish.
If we go even slightly above the new ATH at $11.640 it's very likely that we will see some kind of a bull-trap
There seem to be some heavy wallets that are pushing the price down, let them sell now so they will cry later ;)
If the bull-trap does not play out the next ATH will be at about $14.5 with a possible small stop at $13.1
BTC Dominance is surging so in case of BTC gets rejected at $50k and goes on correction this will push LIT back to test once again the $9.5 level
if BTC rejection is strong then is possible to go even below the $9.5 level but only temporarily
Overall I am bullish for LIT, short term $20 is very possible
take care
Cheers. :)