We made a high low forming a nice ascending triangle highlighted in blue and now we're about to break the resistance at just under $9. If we manage to do that this time then I see us quickly moving to $10 and above.
The overall altcoin market is bullish and is led by ETH which is also bullish in my eyes (see below my idea for that).
Indicators on LIT are looking sexy, we just need a bit more volume if we want to push against $9 and $10 soon. Then ATH level is in range.
As I said under ETH, I believe this correction is over and we should explore higher levels soon in most alts, provided we remain bullish and BTC allows for this.
We have consolidated nicely in this range, so LIT has formed a great base between $6 and $8. This is very good for long term gains.
Enjoy the profits and keep an eye on this resistance line, don't think it will hold us down long.
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many thanks