🔥 $LIT Bullish with strong volatility and consolidation near upper resistance
Current price 1.58 is trading above MA5 (1.50), MA10 (1.48), and MA20 (1.47), indicating short-term bullish momentum. However, it remains below the MA120 (1.54), suggesting potential resistance in the medium term.
Volume Analysis: Recent kline data shows significant volume spikes during upward moves price rise to 1.553, supporting bullish breaks. However, volume has tapered in consolidation phases, suggesting cautious momentum.
Capital Flow Data: spot markets showing relative stability recently (5m and 15m inflows). This divergence hints at potential underlying weakness despite price strength.
Entry long $LIT : retest 1.474 (MA20) or break above 1.587 (Upper Bollinger Band)
Stop Loss: Set at 1.432 (aligning with support)
Target Price: 1.68 (resistance)
Support me just Trade here👇
LITUSDT
Perp
1.583
+1.08%
#lit #litusdt #lighterdex #lighter