In my previous LIT post I argued that this coin has a bright future ahead. While breaking the $10 resistance took longer than initially anticipated, it has finally done so today.
Furthermore, it seems that LIT is starting to form a bullish channel to trade in. Combine the recent bounce from said channel support with the break of the illustrious $10 resistance, and we have a recipe for potential exponential gains in our hands. Lots of recent ICO's are doing really well lately, I think LIT is just warming up!
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, $15 and $20 to be exact. Do your own due diligence.
First of all thank for the quality analysis! As most of the ALT are decreasing do you think we can keep the momentum? I did nice gains between 8 USD and 12 USD, but considering the uncertainty don't you think is a bit risky?
FieryTrading
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@BogoMil, Alts are always risky, especially new ICO's like this one. Considering that LIT has almost completely recovered from last nights dump, I think there's much room room to grow. Most important factor will be what BTC will do in the coming days. If BTC will consolidate for a while around 50k that would be great for alts.
Any news on that?
Thanks