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LIT / TetherUS PERPETUAL CONTRACT

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LITUSDT.P trade ideas

LIT/USD - Expecting a break towards $7! 😍LIT is in a bullish trend which just had a nice correction. The correction appears to have ended which indicates that we're in the preparation stages for the next major leg up. Once we clear the resistance at $5 we should have a smooth ride towards $7 which is our next major resistance. Either way, I see LIT moving higher and beyond that still. The volume lately has been looking solid and the indicators on daily and higher timeframes favors a bullish bias medium/long term. Any chances to buy LIT at support is a great discount to enter, however, a clean break from the $5 resistance would equally present a good entry (i.e. buying the retest of that resistance turned support). We also have a nice ascending triangle, hence once this formation breaks, we will get confirmation of our trend. Like and follow if you liked this idea!
Long
by DU09
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Long
by globalsymmetrygroup
LIT ascending channelLIT is part of DOT ecosystem. Behaves similarly like DOT, and DOT did 17% run-up il last 36hrs, which is not big, but in this market conditions, the fact that it's not affected by BTC erratic behavior is bullish alone... Recently bounced from support trendline of the channel and also break resistance at 5,29. Volume increasing and MACD on 12hr chart looks bullish. Breakout level at 6.095 was a big support in the past, and we can expect that is an important level to overcome now. If we break that level, we could expect that it will act as support for further upside movement. You have also SHORT entry levels on the chart since BTC's possible significant drop could pull this one down also and possible rejection from 6,095 could push it down to retest 5,29 before pushing up... Set your alarms and don't miss this. GL traders
by PhilosophersStone
LITUSDT Technical Analysis Welcome back Traders, Investors, and Community! LITUSDT on h4 has broken above the resistance and also has broken above the triangle which is a Bullish sign. It might go for a retest before it goes up. ⬆️Buy now or Buy at 4.9862 ⭕️SL @ 4.5936 ✅TP1 @ 6.1800 ✅TP2 @ 6.6000 ✅TP3 @ 6.8500 ✅TP4 @ 7.5000 ✅TP5 @ 9.0000 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals
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