LIT Technical Analysis in a Weekly Timeframe

21 agoHello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

LIT is in a downtrend but holds a solid support trendline at $0.55. The recent rebound indicates a potential bullish rally for LIT.

In the past, LIT has respected this support trendline and is likely to do so again. The RSI is low, suggesting that bullish momentum may be on the horizon.

Key levels:

- Primary Support: $0.55.
- All-time low: $0.388.
- Target: $1.4-$1.6.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE