LIT - Possible Weekend Breakout?LIT looks to be readying for its next move upwards. Watch for breakout
LITUSDT trade ideas
LIT/USDT Bullish H&S and double bottom as turning signalLitentry took a lot of damage recently.
We can identify a bullish head and shoulders pattern as well as a double bottom at previous support.
Currently we even are producing a higher low.
All that is needed know will be some more volume and we are back in the game.
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
LITUSDt waiting for the breakout 🦐LITUSDt waiting for the breakout from 4h resistance. IF the price will have a breakout and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Last chance for Litentry EntryA little-known but extremely powerful piece of Elliot Wave Theory is that very often the 2nd wave terminates in the price area of the 4th wave of the lower degree. Looking at the subwave count, it is abundantly clear that this will most likely happen for LIT/USDT and price will bounce at or a little above the low of wave 4. The correction may be either sharp or flat so the entry can take from ~5 hours to a couple of days.
Make sure to drop a like if you liked my analysis and comment your thoughts on this trading pair!
🔥 LIT Bullish Reversal TradeLIT has been seeing some tough times as of late. A lot of cryptos are seeing bullish pressure, but it doesn't seem to be the case for LIT. What I do see is that lit seems to have a very strong support at the 6.50 area. This trade is based on a bullish reversal from said are.
Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows. Do your own due diligence.
Happy trading!
LIT/USDT 1H💵 #LIT/USDT
🟢 Long Position
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🔵 Entry Range : 7.8 - 7.1 - 6.6
🔴 Exit Points : 8 - 9.5 - 10.2 - 11 - 12.4 - 13
🛑 Stop Loss : 4-hour candle closing lower 6
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🎚 Leverage : 2 - 3
⚠️ Risk Level : 10/10
❌ Loss Rate : 15%
✅ Profit Rate : 70%
💲 1 - 2 % Of Total Assets
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LIT/USD - Head & Shoulder pattern. Can we break out?LIT has formed a large head and shoulder patter which is approaching its end. Will we break the neckline/support and fall or can we push higher?
I am mildly bullish, despite this formation because the overall market remain bullish. However another sharp fall in BTC or ETH price will likely take LIT below our current support, break the neckline and fall.
However, I find such a scenario unlikely. What is more likely is that we will finally break away from this diagonal resistance that has kept LIT down for a while. Why?
1. We made a 5 wave down from our ATH, so this correction should be over soon.
2. Bullish divergence on RSI
3. Overall market remain bullish - pray this does not change!
4. Positive cross on MACD which is likely to move on higher timeframes, if that happens we're gold.
It won't take long now for LIT to pick a direction, we should know by the end of the week were we stand. Good luck!
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March should be kind to LITUSDTThis is for personal use only: dont take this as any sort of advice.
Forming a bull flag with a good historical support being reached. This should be a good time to get into a position.
Litentry (LIT) - Are we going to break out?It looks like LIT is looking to break out on the 4h chart. If BTC & ETH keep it calm and move a little sideways for a longer period of time, it's the turn of the altcoins.
Let me know what you think!
Lit to 3$The previous planb played out pretty well. got rejected and former support is now heavy resistance. don't expect to cross that in the close future. If the support area near 6usd to be broken, we will complete a classic H&S and get even more discount, 3 usd would not surprise me. all makes sense only of btc is to break 45k thus creating some more bearish momentum
