LITUSDT still bullish but be careful...
LITUSDT was slowly moving up inside a trending parallel channel inside an ascending triangle, which is mostly a bullish formation.
Yesterday it broke below the channel support and created a lower channel, but bounced back up, staying inside the channel so far.
If it breaks the triangle resistance level around 12.43, we can see 2 targets:
1. 14.70 area.
2. 18.80 area. Which is calculated with the height of the triangle, which coincides with the all time high spike.
This is not financial advise! please trade safely.
Yesterday it broke below the channel support and created a lower channel, but bounced back up, staying inside the channel so far.
If it breaks the triangle resistance level around 12.43, we can see 2 targets:
1. 14.70 area.
2. 18.80 area. Which is calculated with the height of the triangle, which coincides with the all time high spike.
This is not financial advise! please trade safely.
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