🚨 Technical analysis for the $LIT coin | 4-hour timeframe
🔹 Current price: 0.7430$ 📈 (+5.22% in 24h)
– It is moving within a clear downtrend, with continuing formation of lower highs and lower lows, confirming that sellers control the overall direction.
– A clear break of previous support zones with accelerating negative momentum, reflecting the weakness of any rebound attempts so far.
– The 0.6910$ – 0.6288$ zone represents key support / demand.
– It is trading below the 50 level at 47.01, indicating weakness in the current momentum.
🔼 Positive scenario (bullish):
If it holds and breaks above 1.56$
🎯 1.82$ – 2.17$ – 2.56$
🔽 Negative scenario (bearish):
If it breaks 0.7207$ with a 4-hour close
❌ 0.6910$ – 0.6288$ – 0.5533$
📌 Note: Any rise toward resistance areas is considered a correction within the downtrend unless it is broken and sustained above them.
#Lıt
🔹 Current price: 0.7430$ 📈 (+5.22% in 24h)
– It is moving within a clear downtrend, with continuing formation of lower highs and lower lows, confirming that sellers control the overall direction.
– A clear break of previous support zones with accelerating negative momentum, reflecting the weakness of any rebound attempts so far.
– The 0.6910$ – 0.6288$ zone represents key support / demand.
– It is trading below the 50 level at 47.01, indicating weakness in the current momentum.
🔼 Positive scenario (bullish):
If it holds and breaks above 1.56$
🎯 1.82$ – 2.17$ – 2.56$
🔽 Negative scenario (bearish):
If it breaks 0.7207$ with a 4-hour close
❌ 0.6910$ – 0.6288$ – 0.5533$
📌 Note: Any rise toward resistance areas is considered a correction within the downtrend unless it is broken and sustained above them.
#Lıt