LIT seems to have formed a beautiful ascending channel. Right now we are testing the middle level of this channel which also coincides with our support line which represents a key level we need to hold to go higher.
If we should fail and fall under $7, it will not be too concerning as we have support lower as well, just above $5.
LIT has done a great run and we...
Evening Traders,
Today’s analysis – LITUSDT – trading at a key technical location with further upside probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Declining Volume
LITUSDT’s immediate price action is impulsive, trading above its Local S/R that has technical confluence with the .50 Fibonacci the VWAP,...
LIT has done an amazing race so far with three green daily candles since launch on Binance. Who can complain?
Today we nearly touched $10 before being pushed back and now we are continuing to correct from that top. Likely we will push higher from here and reach $10 and beyond soon.
The volume on this coin has been huge today at over half a billion USD! That is...
I expect to draw cup and handle formation on the chart. If LIT reaches 6usdt, than easy to reach first 7,5 and then 9usdt. But 10usd is psychological target and resistance.
one of the best coin to take profit within 1- 2 days.
Let's see!
Recently, Binance has allowed LIT to trade on their platform. As you can see on the chart, there's a clear big interest from investors in this coin. A lot of coins which recently had their ICO are doing fantastic, so naturally there's lots interest in any of Binance's ICO's.
With volume picking up every day it's clear to me that LIT has a bright short term future...
LIT was launched yesterday on Binance and a day later, we're looking healthy!
On daily timeframe we have just painted a second GREEN candle, unlikely it will close red looking at this chart. We just broke UP from the pennant which is a very nice bullish move.
Indicators are looking great as well:
MACD: expanding up - bullish
RSI: Pumping - bullish
Volume:...
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
STAY AWAY FROM BINANCE'S SH*T COINS AT LEAST TEN DAYS AFTER LAUNCH. LOOK AT ALL COINS THAT THEY LAUNCHED SINCE 6 MONTHS. THEY ARE ALL FAILURE. THEY ARE SCREWING PEOPLE.
DO not buy this coin its just pumped due to listing into binance nothing fundamental or technical (indeed advanced price action will go for its sell)
but anyway if u have it give it away if you want to buy it, do not
Today Binance listed Litentry or LIT which is one of the newest addition on the exchange and to the DEFI family as a decentralized identity aggregation protocol.
The fact that LIT was listed on Binance and is part of the Binance and Ethereum DEFI ecosystems makes this a very tempting proposal for some nice gains in the future.
See here for more on LIT:...
