LIT is now near a key level. This is a good signal for a breakout and continued growth. But since bitcoin and all altcoins have risen strongly, there is a possibility of a slight correction. Personally, I would open this position after an additional squeeze and staying in the range for some more time. A good buying opportunity after squeeze and breakdown of the $3.84 level.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.