LITUSDT.PS trade ideas
LIT/USD Shortthe blue brushed line, would be the best try for lit to stay up... 100% dump would happen and about 5.4 would be a good level to buy to reshort at a higher price with trend line criteria.
$LIT can reach higher soon as we thinksince its a new coin, with a huge big candle and a huge wick on his day one, it´s hard to predict how its gonna be his price action, so i put a trend line upwards till march, we have seen this happens lately with DeFi tokens listed on binance, several days of growth, this coin has al low supply, binance got only 16 million on market, and they even put his BTC pair or x3 leverage trading yet... as i wrote this someone withdraw 3 million coins to a unknown wallet, maybe holding for a better time to sell... EoY is far, far away yet...
on charts, fibo levels to try and keep safe while riding, but at first i entered only for a short trade but now i will keep it for a while, seems a strong project, Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. Litentry is built on Substrate, which inherits great features and the best technologies in the Blockchain industry. Litentry aims to be the Parachain of Polkadot Network and benefit from the thriving cross-chain ecosystem and shared security.
www.litentry.com
source on contract:
etherscan.io
lets see how its gonna play !
This Altcoin is LIT!Stepping out of my comfort zone and doing some technical analysis on a coin that has only been trading live for a few days: Litentry (LIT). Using our margin buying support levels, we can predict a 2x move up to $14 from the most recent support level of $7.00. Entering this trade on 2x isolated margin under $8 is ideal, because it places your stop loss below $4.11, which should act as support in the case of a dip.
Disclaimer: *not financial advice, this is just an exercise on my part - I am not entering this trade myself.
LIT/USD - Ascending channel to moon! $16 in rangeLIT seems to have formed a beautiful ascending channel. Right now we are testing the middle level of this channel which also coincides with our support line which represents a key level we need to hold to go higher.
If we should fail and fall under $7, it will not be too concerning as we have support lower as well, just above $5.
LIT has done a great run and we can't really complain. It was expected to have some cooldown. If we consolidate around $7 that would be ideal before we can push higher towards $16.
Best to consider holding this coin for a while if you entered around $4 as it is surely to gain a lot of traction and price increase in the future.
So far we had 4 days of green candles. Lets see how this develops!
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LITUSDT Local S/R Zone| Swing High| .50 Fibonacci| Price Action Evening Traders,
Today’s analysis – LITUSDT – trading at a key technical location with further upside probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Declining Volume
LITUSDT’s immediate price action is impulsive, trading above its Local S/R that has technical confluence with the .50 Fibonacci the VWAP, allowing for as bullish bias.
The Swing High is current objective, price action taking this level pout will increase the probabilities of testing the all-time high.
The volume profile is on a decline, an influx is highly probable when an expansion occurs, this can to either side.
Overall, in my opinion, LITUSDT us a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
LIT/USD - A love story of price discovery! $10 in range!LIT has done an amazing race so far with three green daily candles since launch on Binance. Who can complain?
Today we nearly touched $10 before being pushed back and now we are continuing to correct from that top. Likely we will push higher from here and reach $10 and beyond soon.
The volume on this coin has been huge today at over half a billion USD! That is higher than the launch day... this is very bullish.
The support we are on right now is holding, should that continue to be the case we will quickly pump higher. If not, there is support at just above $5. Volatility is still very high on this coin and price swings can be quite large, so keep that in mind.
With only 18 million coins circulating right now, LIT has a long way up to saturate this level of demand. As long as that lasts, I see us go much higher.
We also need to let some time pass to get a better sense of future targets, for now claiming $10 and making that support would be great!
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LITUSDT listing on binanceThis time binance listing does more good than bad :P enjoy the profits.
Target 1: 12,54 $
Target 2: 18,82 $
My LIT scenarioI expect to draw cup and handle formation on the chart. If LIT reaches 6usdt, than easy to reach first 7,5 and then 9usdt. But 10usd is psychological target and resistance.
one of the best coin to take profit within 1- 2 days.
Let's see!
🔥 LIT/USDT ICO Going ParabolicRecently, Binance has allowed LIT to trade on their platform. As you can see on the chart, there's a clear big interest from investors in this coin. A lot of coins which recently had their ICO are doing fantastic, so naturally there's lots interest in any of Binance's ICO's.
With volume picking up every day it's clear to me that LIT has a bright short term future ahead.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
LIT/USD - Bullish price action: expect higher levelsLIT was launched yesterday on Binance and a day later, we're looking healthy!
On daily timeframe we have just painted a second GREEN candle, unlikely it will close red looking at this chart. We just broke UP from the pennant which is a very nice bullish move.
Indicators are looking great as well:
MACD: expanding up - bullish
RSI: Pumping - bullish
Volume: high volume at breakout from pennant - bullish
All this means interest in LIT is very high and buying at under $4 will soon be considered a discount. If we paint a higher high, then we're in business for some nice gains in the future.
I like how this looks, bias remains bullish. For that to change we need to set a new low.
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LITUSDT long Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
STAY AWAY FROM BINANCE'S SH*T COINS AT LEAST TEN DAYS AFT. LAUNCSTAY AWAY FROM BINANCE'S SH*T COINS AT LEAST TEN DAYS AFTER LAUNCH. LOOK AT ALL COINS THAT THEY LAUNCHED SINCE 6 MONTHS. THEY ARE ALL FAILURE. THEY ARE SCREWING PEOPLE.
LITUSDTDO not buy this coin its just pumped due to listing into binance nothing fundamental or technical (indeed advanced price action will go for its sell)
but anyway if u have it give it away if you want to buy it, do not
LIT/USD - Lit it on fire! Hottest new DEFI token!Today Binance listed Litentry or LIT which is one of the newest addition on the exchange and to the DEFI family as a decentralized identity aggregation protocol.
The fact that LIT was listed on Binance and is part of the Binance and Ethereum DEFI ecosystems makes this a very tempting proposal for some nice gains in the future.
See here for more on LIT: research.binance.com
pbs.twimg.com
With only 18 mil circulating supply and a total maximum supply of 100 mil token, this little defi coin is due for greatness.
Looking at the chart (its less than 1 day - so anything can happen here) we seem to have found a temporary bottom at just under $4 a coin. I'd not be surprised to see us above $10 soon.
Considering the circulating supply and how hot DEFI is right now this project can make serious gains this year (especially as we are in a bull market).
Keep it on your radar!
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