ShawnMCR

πŸ“Š LIT moved 25% up, retesting resistance!

BINANCE:LITUSDT   LIT / TetherUS
Hello, dear TradingView members .
This idea is a LIT analysis.

LIT moved 25% today, retesting the resistance area for the third time recently.
RSI is still in the Neutral area and doesn't hint at overbought.
The Bollinger Bands become vast but not overbought, and the support of the middle band can push the price up.

Scenario one:
The price will push straight up or use support to break the resistance to the potential target levels.

Scenario two:
The price will become overbought before making any moves on the resistance area and will fall on support

The Speedometer indicator shows Buy volumes on the market for LIT on a 1D interval.

Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!

Let me know if you guys have any questions;
I will be more than happy to help.

Good luck, and thank you.

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