[LITUSDT] Looking bullish on daily TF until end of 2021
Hello all!
It's been a while since my last post.
Here is my new analysis on LITUSDT until the end of 2021.
In my opinion, LIT is forming an interesting BAT bearish pattern on both daily/weekly timeframes.
We would be entering the last leg (C to D on chart) with a trendline to break to validate this analysis (yellow trendline).
Fibonacci levels show interesting levels at $6 (0.5 fib) which is right now the strongest resistance to break on LIT.
0.618 fibo would bring us to $8 prices and 0.786 fibo would bring us to high levels from March/April.
It could either break for a new ATH at that moment or pullback on lower fibos (red arrow on chart).
Still on daily TF, both MACD and RSI are showing bullish signs are it's trading above the signal line and RSI keeps on growing day after day.
Litentry is a strong project and has great fundamentals. As long as BTC remains bullish, I truly believe this scenario can happen. It would be a 200% move! :)
This is not an investment advice, I do it to track my personal moves and to keep on improving. Let me know if you want to add something to this idea! Comments are welcome! Thank you.
Good luck everyone! :)
It's been a while since my last post.
Here is my new analysis on LITUSDT until the end of 2021.
In my opinion, LIT is forming an interesting BAT bearish pattern on both daily/weekly timeframes.
We would be entering the last leg (C to D on chart) with a trendline to break to validate this analysis (yellow trendline).
Fibonacci levels show interesting levels at $6 (0.5 fib) which is right now the strongest resistance to break on LIT.
0.618 fibo would bring us to $8 prices and 0.786 fibo would bring us to high levels from March/April.
It could either break for a new ATH at that moment or pullback on lower fibos (red arrow on chart).
Still on daily TF, both MACD and RSI are showing bullish signs are it's trading above the signal line and RSI keeps on growing day after day.
Litentry is a strong project and has great fundamentals. As long as BTC remains bullish, I truly believe this scenario can happen. It would be a 200% move! :)
This is not an investment advice, I do it to track my personal moves and to keep on improving. Let me know if you want to add something to this idea! Comments are welcome! Thank you.
Good luck everyone! :)