After the strong move toward $3.80, $LIT was rejected and sellers have taken control. Price is now around $3.43, trading below the MA(7) at $3.47, showing weakening short-term momentum.
The key support is around $3.38–$3.40. If this zone breaks, $LIT could slide toward $3.29 next.
For a bullish recovery, bulls need to reclaim $3.47–$3.50 and hold above it. A stronger breakout above $3.60 could open the door toward $3.70–$3.80 again.
Correction is underway. Sellers have momentum. Now the $3.38 support and $3.50 resistance matter.
#GoldRisesAbout14%InAugust #KospiFallsAsAITradingEuphoriaCools
The key support is around $3.38–$3.40. If this zone breaks, $LIT could slide toward $3.29 next.
For a bullish recovery, bulls need to reclaim $3.47–$3.50 and hold above it. A stronger breakout above $3.60 could open the door toward $3.70–$3.80 again.
Correction is underway. Sellers have momentum. Now the $3.38 support and $3.50 resistance matter.
#GoldRisesAbout14%InAugust #KospiFallsAsAITradingEuphoriaCools
