LIT - Analysis



10/3/20221 min read

LIT has seen a growth of over 40% in the last 24 hours. The price of this currency is trading in the range of $0.820 at the time of writing this analysis. Considering the support observed in the range of 0.580 to 0.555 dollars, as well as the downward trend line of this currency has been broken upwards, we expect that after the short-term correction, there will be more support from buyers for the growth of the price of this currency. . A resistance in the range of $1.20 to $1.33 is considered for this currency, which can be a short-term target for buyers. The reaction that can be seen in the candle yesterday was in the resistance range of 0.81 to 0.87 dollars. This range has the potential to be broken by today's 4-hour candles, and the price could hit the first target in the $0.94-$1 range and react negatively. After correction from this range, the specified target of short-term buyers will be available.