$LIT has staged a strong recovery after spending several sessions under selling pressure. The move from the $2.70 region has brought price back toward $3.18, where it is now approaching a key supply area that previously triggered rejection.
The immediate resistance sits around $3.18–$3.27. With price already testing this region, sellers could regain control and force a pullback rather than allow the recovery to extend immediately.
The chart points to $2.70–$2.72 as the next important downside area. A rejection from current levels could send #LIT back toward this support, giving the market an opportunity to retest the base established before the latest rally.
For now, the reaction around resistance deserves close attention. A decisive break above the supply zone could change the short-term outlook, but failure to clear it would keep the pullback scenario in play.
#Macro Insights# #Altcoin Season#
The immediate resistance sits around $3.18–$3.27. With price already testing this region, sellers could regain control and force a pullback rather than allow the recovery to extend immediately.
The chart points to $2.70–$2.72 as the next important downside area. A rejection from current levels could send #LIT back toward this support, giving the market an opportunity to retest the base established before the latest rally.
For now, the reaction around resistance deserves close attention. A decisive break above the supply zone could change the short-term outlook, but failure to clear it would keep the pullback scenario in play.
#Macro Insights# #Altcoin Season#
