$LIT Strong bullish momentum after short-term consolidation
Buyers in control as price breaks above most short-term moving averages
Key Zones:
Support Zone: 1.625 – 1.660
Resistance Zone: 1.740 – 1.780
Trade Setup (Long – Pullback Preferred):
Entry Zone: 1.635 – 1.670
Take Profit Targets:
TP1: 1.780
TP2: 1.790
TP3: 1.800
Stop Loss: Below 1.615
Price Action Insight:
LIT has formed a higher-low structure on the 4H chart after a short-term pullback. Price has broken above most short-term moving averages, though it remains below the long-term MA(200) at 2.152, which may act as dynamic resistance. RSI(6) at 72.95 indicates strong bullish momentum approaching overbought territory, so minor consolidation or pullback into the entry zone is likely before continuation. MACD shows a slight bullish crossover, supporting further upside.
