LIT just broke a key resistance that held us back in the past. We moved above $9.5 which clears the path for price to test the $10 and if that wont hold us down, then we're on a clear path to re-test ATH level at $14.7.
The indicators on 4h look great, particularly MACD which did a lovely cross on the positive side, RSI is moving higher and this break of resistance was on good volume!
Bias is bullish on LIT and remains so as long as we keep price above $9. This move has legs and can run much higher, particularly as BTC is looking bullish as well. So keep an eye on the overall market as well (my BTC idea is below).
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
The indicators on 4h look great, particularly MACD which did a lovely cross on the positive side, RSI is moving higher and this break of resistance was on good volume!
Bias is bullish on LIT and remains so as long as we keep price above $9. This move has legs and can run much higher, particularly as BTC is looking bullish as well. So keep an eye on the overall market as well (my BTC idea is below).
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
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