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Litusdtanalysis

LIT/USDT Keep an eye on the demand, Potential bounce back to UP!💎 LIT has recently experienced significant market dynamics, encountering a strong rejection in the supply area. 💎 There is potential for LIT to undergo a retest of the demand area around 1.25. A positive sign in the demand, such as a bullish candle rejection, could signal a bounce in price and a return to upward movement, potentially testing the strong resistance area once again. 💎 However, if LIT fails to bounce when it reaches the demand area, and even breaks down below it, it would indicate bearish momentum, with the price potentially targeting the Bullish OB area around 1.035. 💎 When LIT reaches the bullish OB area, it's crucial for it to bounce and resume its upward trajectory. Failure to sustain this area, resulting in a breakdown, could further signal bearish sentiment and lead to continued downward movement for the price.
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by MyCryptoParadise
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LIT/USDT Crucial moment. It Required break for switch to Bullish💎 LIT has become a notable entity in the market, currently confronting a significant supply area within a rising wedge pattern. Historically, LIT has encountered this supply zone twice and faced substantial rejections each time. This zone is pivotal; a successful breakout by LIT could signal a shift to a bullish trend in the mid-term and the probability of the next stop is on our target major supply area. 💎 However, should LIT fail to overcome this supply barrier and faces another sharp rejection, it might lead to a downward movement, bringing it back to test the support trendline of the Rising wedge pattern. At this juncture, LIT's ability to bounce back is crucial. Failing to do so could result in a breakdown of the rising wedge pattern and a subsequent move towards the demand area. 💎 The demand zone is critical for LIT's trajectory. While the area has historically been strong enough to support LIT, a failure to bounce back, combined with weak volume and only consolidation over a few days, could indicate a potential breakdown. If this occurs, LIT may revert to a bearish trend and move towards the strong support area.
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by MyCryptoParadise