LIT has painted a beautiful bull flag and now we have confirmation with price breaking out of the flag area (in blue)!
A 1:1 extension would put our next target at $12. However, there are quite a few resistance levels to keep your eyes on, particularly at $9 which is also our previous ATH.
However, once we break the old ATH, I think we should have a clear path to $12 and beyond. đđđ
Indicators are looking very good, with a MACD positive cross on 2h and 3h and probably will continue on 4h and above, we just need more history of price. RSI is curving nicely and volume on this breakout confirms it.
Bias remains very bullish on LIT! Enjoy the profits!
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
A 1:1 extension would put our next target at $12. However, there are quite a few resistance levels to keep your eyes on, particularly at $9 which is also our previous ATH.
However, once we break the old ATH, I think we should have a clear path to $12 and beyond. đđđ
Indicators are looking very good, with a MACD positive cross on 2h and 3h and probably will continue on 4h and above, we just need more history of price. RSI is curving nicely and volume on this breakout confirms it.
Bias remains very bullish on LIT! Enjoy the profits!
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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