At the moment, $LIT is being held in a local upward structure after a strong impulsive move. On several timeframes, the price continues to form higher lows, gradually compressing toward the zone of prior highs. The key resistance remains the 3.78–3.82 area, where a seller reaction has appeared several times before. At the same time, the pullbacks remain manageable, and the uptrend is still being maintained by buyers.
The nearest important support is the 3.18–3.22 zone. As long as the price is above it, I consider maintaining the long scenario. I will be looking for a long from holding the 3.45–3.50 area, with a move toward 3.78–3.82. The main confirmation for further continuation will be increased activity at the next approach to resistance and the subsequent consolidation above 3.82. A loss of the upward structure and consolidation below 3.18 will invalidate this scenario.
#Lıt
The nearest important support is the 3.18–3.22 zone. As long as the price is above it, I consider maintaining the long scenario. I will be looking for a long from holding the 3.45–3.50 area, with a move toward 3.78–3.82. The main confirmation for further continuation will be increased activity at the next approach to resistance and the subsequent consolidation above 3.82. A loss of the upward structure and consolidation below 3.18 will invalidate this scenario.
#Lıt
