LIT PLUNGES INTO RED 📉⚠️
A brutal breach of the $4.5950 resistance has ripped $LIT into a steep sell‑off. The 4‑hour order block that held above $4.2 collapsed under accelerated selling pressure, and volume spiked past $260 M as institutional liquidity was drained 📉. Macro‑asset accumulation that had been feeding the rally stalled, turning the momentum accelerator into a rapid decay curve. The price now trades below the $4.1159 mid‑range, erasing the bullish bias that defined the last two days ⚠️
Testing the $3.6318 support zone, $LIT is probing a thin liquidity pocket that could trigger a deeper break if sellers hold the line. The lack of a clear bounce suggests the decline is more structural than a routine correction, and each tick below the zone adds pressure to the order block beneath $3.5. A healthy pull‑back would require a decisive volume absorption near $3.65, but current order flow points to continued downside pressure 🛑🔻
Levels to monitor:
Watching support around $3.62
Structure suggests resistance near $4.60
Mid range area: $4.12
DYOR
Follow for Updates
#LIT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
A brutal breach of the $4.5950 resistance has ripped $LIT into a steep sell‑off. The 4‑hour order block that held above $4.2 collapsed under accelerated selling pressure, and volume spiked past $260 M as institutional liquidity was drained 📉. Macro‑asset accumulation that had been feeding the rally stalled, turning the momentum accelerator into a rapid decay curve. The price now trades below the $4.1159 mid‑range, erasing the bullish bias that defined the last two days ⚠️
Testing the $3.6318 support zone, $LIT is probing a thin liquidity pocket that could trigger a deeper break if sellers hold the line. The lack of a clear bounce suggests the decline is more structural than a routine correction, and each tick below the zone adds pressure to the order block beneath $3.5. A healthy pull‑back would require a decisive volume absorption near $3.65, but current order flow points to continued downside pressure 🛑🔻
Levels to monitor:
Watching support around $3.62
Structure suggests resistance near $4.60
Mid range area: $4.12
DYOR
Follow for Updates
#LIT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare