💎 LIT has recently experienced significant market dynamics, encountering a strong rejection in the supply area.
💎 There is potential for LIT to undergo a retest of the demand area around 1.25. A positive sign in the demand, such as a bullish candle rejection, could signal a bounce in price and a return to upward movement, potentially testing the strong resistance area once again.
💎 However, if LIT fails to bounce when it reaches the demand area, and even breaks down below it, it would indicate bearish momentum, with the price potentially targeting the Bullish OB area around 1.035.
💎 When LIT reaches the bullish OB area, it's crucial for it to bounce and resume its upward trajectory. Failure to sustain this area, resulting in a breakdown, could further signal bearish sentiment and lead to continued downward movement for the price.