💎 LIT has recently displayed notable market dynamics. Currently, LIT is rebounding from the support area, exhibiting a strong green candle, suggesting potential upward movement.
💎 To sustain this momentum, LIT needs to surpass the resistance at 1.74 to continue towards our target strong resistance area.
💎 However, if LIT fails to breach the resistance, there's a possibility of retracement back to the support area to gather new momentum for another breakout attempt.
💎 In the event of LIT failing to bounce from the support area, the next potential stop is the demand area. This zone holds significant importance, as a failure to bounce and reclaim the price above the support could lead to further downward movement.
💎 Should LIT break below the demand area, it would confirm a bearish trend, indicating the potential for further price decline.