LIT has been struggling for a good month now since that huge flashcrash 18th of April on all altcoins.
As you can see nevertheless, it stayed in that long accumulation area since its listing on Binance.
Even though volume is still low, I'm still strongly bullish on it for the next few weeks.
You can also notice a strong falling wedge on daily timeframe...
The buying force at 6$ zone showed us the dip of this period is 6$, so we will start accumulating LIT in the range of 6-7$ for target at 9$ and 12$ zone
-Buy: 6.8-7.2$. SL if B
-Buy: 5.85-6.15$. SL if B
-Sell: 8.8-9.2$. SL if A
-Sell: 11.7-12.3$. SL if A
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow :...
Today I'd like to offer a different view with a comparison of two charts.
I find it interesting to compare both Venus (XVS) and Litentry (LIT) after their listing on Binance.
In my opinion, they formed the same pennant triangle with both a nice W pattern inside on daily timeframes.
Both ranged after their Binance listing for several months and as you can...
A mid size cap with Circulating Supply 18,000,000 of 100,000,000, bouncing off a long consolidation. I see it breaking out of 50D EMA going north.
Do you agree? What is your exit target? Feel free to share you opinion in the comments.
LIT has lost the 8$ zone and the selling force is still increasing so the main trend is still heading to 5$ zone. LIT will be good to buy only if it conquers the 8$ zone successful.
-Buy: 4.8-5.2$. SL B
-Sell: 7.8-8.2$. SL A
-Sell: 9.7-10.3$. SL A
-Sell: 11.7-12.3$. SL A
-Buy: 7.8-8.2$ if A. SL B
Condition A : "If 1D candle closes...
LIT is bullish short, middle and long terms.
Here on 4H TF we can clearly see a falling wedge being formed.
RSI and MACD both bullish we Bollinger band's showing a reversal.
Easy 50% to take in the next few days in my opinion.
Refer to my previous LIT chart.
This is not a financial advice, DYOR.
Good luck everyone!
Everything is on the chart.
Pennant triangle formed on daily TF with huge downtrend for the last couple of days.
If it bounces back on that trend and if it breaks that triangle by the top, we can expect it to go higher, between 12 and 15 USD.
This is not an investment advice, DYOR.
MODERATE TO HIGH RISK SETUP!
LIT is showing very healthy price action, its one of those alts that's been overreacting to btc going up and underreacting to it going down.
Its had some nice touches off 2 FIB levels and there is a very common trend line where LIT loves to come down and ounce off. Usually when it hits it, it doesn't come down much further....
LIT has seen some really badass red candles shortly before we reached our first target.
Sometimes that's how it goes.
LIT still is traded with low volume and therefore these brutal movements happen.
We stopped closely to our "long term" support and hopefully get a proper recovery this time.
Same old story, if you missed the previous entry be grateful for this...
Litentry still did not move since it's listing on Binance.
We now broke out of the purple flag and try to use the yellow line as trampoline.
Litentry still seems the only real contender for Identification along the blockchain industry.
At some point we have to be able to use identification if need be.
Since we are so bullish on LIT we have to put our new target...