LIT is trending above 4H 50 MA, after the latest pullback next up is a higher high.
Best entries: 4.490 - 4.580
Max leverage: 2
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Guys! LIT is preparing for a BiG move from 39.80 to 6.0-6.5 in near future. So get ready and dive into to break the barriers. Please do your own trading analysis or ask your trading expert for your entry and exit. I am not a financial adviser, this is educational purpose only. NOTE: Do not take leverage more than 5x. Let's see how it moves!
LIT is in uptrend channel if this channel is never break then we see #lit going up...right now buy and hold for touch the first flag shown in chart...and make good profit and also like my idea...
I"M not financial adviser...
Litentry has broken out of that wedge and seems to be almost ready for reversal, let's enter on 50MA retest.
Current Price= 2.819
Buy Entry = 2.684 - 2.416
Take Profit= 3.611 | 4.384 | 5.323
Stop Loss= 1.841
Risk/Reward= 1:1.5 | 1:2.59 | 1:3.91
Expected Profit= +41.61% | +71.92% | +108.75%
Possible Loss= -27.80%
Fib. Retracement= 0.382 | 0.5 | 0.618
📈 LIT/USDT | Potential Upward Movement
💡 Buy Limit Order @ 2.473
🎯 Target Profit 2.626
🛑 Stop Loss 2.411
❌ Do not risk more than 1% of your account on each trade
The coin is traded inside a bullish flag formation. We noticed that the leg 2 of this pattern is about to coincide with the strong support which is located around the 2.482 USDT...
It seems to me that recent BTC drop has helped LIT reach the perfect buying zone, which quite a few traders look as perfect occasion for some shopping. Obviously, it's not as exciting as new pair of trainers (yes, I am a trader in a NIKE trainers, not smart shoes xD) in shopping mall, but still quite a good potential for some pennies.
So, as long as BTC is not...
we are looking at 4H LIT chart structure. as it is clear LIT is going to breakout the triangle pattern and by breaking out we can take a long position:
Entry point: 10.95