$LIT is up 17.02% on the week and still trades like nobody in the room owns it.
The reason it keeps coming back is simple. Crypto Adventure reported a tokenomics update that burns 15.5 million LIT. ETHNews tied the earlier rally to that burn, plus the Robinhood chatter and a CFTC seat. Fewer tokens plus a real regulatory foothold beats a vibes pump.
Here's what smells: the burn was two months ago. A burn is a one-time gift, and if volume on the exchange doesn't keep growing, it stops mattering. I'm not pretending otherwise.
But a coin that can rip 5.2% in a day and hold near its high is telling you who's in control. Buyers are.
$LIT trades at $0.743 right now, just under the 24h high of $0.755. If it holds $0.656, the 24h low, i think it takes out $0.755 and keeps going. If it loses $0.656, i'm wrong on this and there's nothing to defend. Anyone holding for the burn story eats that drop with me.
Burn story still alive at $0.656, or dead already?
follow me for more calls like this.
The reason it keeps coming back is simple. Crypto Adventure reported a tokenomics update that burns 15.5 million LIT. ETHNews tied the earlier rally to that burn, plus the Robinhood chatter and a CFTC seat. Fewer tokens plus a real regulatory foothold beats a vibes pump.
Here's what smells: the burn was two months ago. A burn is a one-time gift, and if volume on the exchange doesn't keep growing, it stops mattering. I'm not pretending otherwise.
But a coin that can rip 5.2% in a day and hold near its high is telling you who's in control. Buyers are.
$LIT trades at $0.743 right now, just under the 24h high of $0.755. If it holds $0.656, the 24h low, i think it takes out $0.755 and keeps going. If it loses $0.656, i'm wrong on this and there's nothing to defend. Anyone holding for the burn story eats that drop with me.
Burn story still alive at $0.656, or dead already?
follow me for more calls like this.
