Hello everyone!
LITUSD shows a good opportunity for long here after the breakout from the triangle.
Hope it will jump as ICXUSD on my previous analysis.
LIT has painted a beautiful bull flag and now we have confirmation with price breaking out of the flag area (in blue)!
A 1:1 extension would put our next target at $12. However, there are quite a few resistance levels to keep your eyes on, particularly at $9 which is also our previous ATH.
However, once we break the old ATH, I think we should have a clear path...
sorry for the last update of LIT and did not check the circulated amount of tokens from the coinmarketcap
anyway
LIT is in a great shape of getting profits from, the trend break the dynamic resistance now waif for the pullback if it confirms you can go for opportunity to get a fortune from this lil baby which our team messed it up just to cover up the loses for...
the blue brushed line, would be the best try for lit to stay up... 100% dump would happen and about 5.4 would be a good level to buy to reshort at a higher price with trend line criteria.
since its a new coin, with a huge big candle and a huge wick on his day one, it´s hard to predict how its gonna be his price action, so i put a trend line upwards till march, we have seen this happens lately with DeFi tokens listed on binance, several days of growth, this coin has al low supply, binance got only 16 million on market, and they even put his BTC pair...
