LIT (Global X Lithium & Battery Tech ETF) has been forming a rounded bottom, signaling a transition from bearish to bullish momentum. Price is now pressing against the critical resistance zone at $52.A confirmed breakout above this level would validate the bullish reversal and open the path for significant upside.
• Entry point: On breakout above $52.20
• Target 1: $60.50 (+33%)
• Target 2: $69.00 (+32%)
• Stop loss: Just below $52 breakout zone (to protect against a false breakout)
This setup suggests a major shift in trend for lithium & battery tech, with momentum building for a possible new bullish cycle.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.