$LIT just showed why crypto reversals need confirmation.
After dropping to around $3.60, Lighter bounced back above $4 and reached roughly $4.10, helped by renewed confidence following clarification around Robinhood’s Bitstamp decision.
But the bounce alone doesn’t confirm a full reversal.
The key level I’m watching is the 20-day EMA. A daily close above it would provide stronger confirmation that buyers are taking control again.
Until then, this could simply be a relief bounce.
$LIT
is definitely one to watch.
After dropping to around $3.60, Lighter bounced back above $4 and reached roughly $4.10, helped by renewed confidence following clarification around Robinhood’s Bitstamp decision.
But the bounce alone doesn’t confirm a full reversal.
The key level I’m watching is the 20-day EMA. A daily close above it would provide stronger confirmation that buyers are taking control again.
Until then, this could simply be a relief bounce.
$LIT
is definitely one to watch.
