Technical CRYPTO Analyst

#LITUSDT is showing promising signs of a potential bullish continuation from the key support level at $0.600. The recent price action, which saw a break above the descending resistance, has set the stage for a move upward. However, for this bullish momentum to hold, the price needs to remain steady at the support level, potentially setting the scene for a breakout above the internal resistance.

But we're not in full breakout mode just yet. For a confirmed move higher, a decisive break above the internal resistance at $0.820is crucial. This needs to be backed by strong engulfing candles and sustained upward momentum. Until these signals appear, it's wise to stay cautious and avoid jumping into trades prematurely.

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www.tgoop.com/TechCryptoAnalyst/12364

33K viewsOct 23, 2024 at 06:16

#LITUSDT is showing promising signs of a potential bullish continuation from the key support level at $0.600. The recent price action, which saw a break above the descending resistance, has set the stage for a move upward. However, for this bullish momentum to hold, the price needs to remain steady at the support level, potentially setting the scene for a breakout above the internal resistance.

But we're not in full breakout mode just yet. For a confirmed move higher, a decisive break above the internal resistance at $0.820is crucial. This needs to be backed by strong engulfing candles and sustained upward momentum. Until these signals appear, it's wise to stay cautious and avoid jumping into trades prematurely.

BY Technical CRYPTO Analyst