Long
LIT/USD - Ascending channel to moon! $16 in range
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 can't really complain. It was expected to have some cooldown. If we consolidate around $7 that would be ideal before we can push higher towards $16.
Best to consider holding this coin for a while if you entered around $4 as it is surely to gain a lot of traction and price increase in the future.
So far we had 4 days of green candles. Lets see how this develops!
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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 can't really complain. It was expected to have some cooldown. If we consolidate around $7 that would be ideal before we can push higher towards $16.
Best to consider holding this coin for a while if you entered around $4 as it is surely to gain a lot of traction and price increase in the future.
So far we had 4 days of green candles. Lets see how this develops!
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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Likes and follows appreciated! 🚀
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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.
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
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.