LIT recent trading momentum has significantly increased, with a 1.1% surge in trading volume over the 30-minute timeframe. The current quote is 2.223 USDT. From a technical perspective, the price is still some distance away from the key support level at 2.2, with a baseline distance of approximately 1.03% on the 1-hour chart. This level often serves as a defensive barrier for buyers.
From a trading standpoint, placing a buy order near 2.2 is a relatively safe approach, with a take-profit target set at 2.246, corresponding to a resistance level. The sharp increase in volume has historically been a precursor to market movement, and LIT's recent performance is indeed worth noting. There may be a more noticeable trend in the short term. Keep a close eye on subsequent price movements; once the upper resistance is broken, the profit potential will further expand.
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RugResistant
· 5h ago
2.2 I have already placed the order at this position, just waiting for it to test the waters.
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CascadingDipBuyer
· 5h ago
I've seen the signal of increasing trading volume too many times before, and the result still ended up crashing down. Is this time really different for LIT?
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FastLeaver
· 5h ago
A surge in trading volume isn't always a good thing; sometimes it's just the big players offloading. I think the 2.2 support level looks a bit weak.
LIT recent trading momentum has significantly increased, with a 1.1% surge in trading volume over the 30-minute timeframe. The current quote is 2.223 USDT. From a technical perspective, the price is still some distance away from the key support level at 2.2, with a baseline distance of approximately 1.03% on the 1-hour chart. This level often serves as a defensive barrier for buyers.
From a trading standpoint, placing a buy order near 2.2 is a relatively safe approach, with a take-profit target set at 2.246, corresponding to a resistance level. The sharp increase in volume has historically been a precursor to market movement, and LIT's recent performance is indeed worth noting. There may be a more noticeable trend in the short term. Keep a close eye on subsequent price movements; once the upper resistance is broken, the profit potential will further expand.