LIT Technical Analysis Jan 28

LIT is currently trading at $1.91 and is in a bullish position above the short-term EMA20 ($0.76). However, the Supertrend’s bearish signal and the $1.27 resistance form critical thresholds to watch in upward movements.

Current Price Position and Critical Levels

LIT has been following a sideways trend in the $1.80-$2.00 range with a 3.03% rise over the last 24 hours. RSI at 48.64 is in the neutral zone, while the price being above EMA20 indicates short-term bullish momentum. However, the overall market structure is dominated by a sideways trend, and 17 strong levels have been identified across 1D/3D/1W timeframes (1D: 3 supports/4 resistances, 3D: 2S/2R, 1W: 5S/3R). The price has reached $1.91 by breaking recent resistances (around $1.15), but BTC’s downtrend and Supertrend bearish resistance ($1.27) could trigger pullbacks. Liquidity accumulation zones are concentrated below, while the $2.00 psychological level above awaits testing. This position shows buyer strength, but it’s risky without proximity to higher timeframe supports.

Support Levels: Buyer Zones

Primary Support

$0.5210 (Strength Score: 76/100) – This level stands out as a strong order block and demand zone on the 1W timeframe. Historically tested three times, each with high volume rejection and bounces (e.g., 25% recovery in the last 3 months). Confluence with EMA50 intersection on the 3D chart, POC (Point of Control) on volume profile. With multi-timeframe confirmation (1D/1W), liquidity pool is concentrated here; a break leads to $0.3868 and triggers the bearish scenario. Ideal entry zone for buyers, stop-loss below $0.50.

Secondary Support and Stop Levels

$0.6371 (71/100) – Secondary support, aligned with the latest swing low and FVG (Fair Value Gap) on 1D. Two high-volume tests (total 15% bounce), RSI divergence observed. Confluence with 0.618 Fibonacci retracement on 3D, supported by volume spikes. Invalidation below $0.60; this is a protective buyer zone.
$0.3868 (69/100) – Deep support, 1W demand zone and monthly low. Single test but ultra-high volume, breaker block transformation. Multi-TF confluence low but liquidity accumulation area. A break activates the -$0.7752 downside target (R/R ratio 1:3+). Stop level $0.37.

Resistance Levels: Seller Zones

Near-Term Resistances

$1.0305 (71/100) – Short-term resistance, 1D supply zone and latest rejection point. Price broke it at $1.91 but expect a retest; volume decrease and wick formations present. Confluence with EMA20 dynamic resistance, first obstacle on the way to Supertrend $1.27.
$0.9103 (77/100) – Highest near-term resistance score, 3D breaker and historical high. 10%+ drops on three tests, high short liquidity. Being above price shows flip potential, but BTC pressure makes retest likely.

Main Resistance and Targets

$1.1507 (72/100) – Main resistance, 1W supply block and 0.786 Fib extension. Two high-volume rejections, order flow imbalance. A break opens the path to $2.00, psychological target. Multi-TF (1D/3D) confluence high; invalidation above $1.20. No upside target but $2.50 possible with momentum, R/R 1:2.5.

Liquidity Map and Big Players

Big players (smart money) are accumulating long positions at $0.52-$0.63 supports; equal highs/lows set traps for liquidity sweeps. Above, $1.15-$1.27 range has short liquidity with high stop hunt potential. Per volume profile, $0.91 is POC, imbalance carrying upward. Price at $1.91 is clearing imbalance, but if BTC dominance rises and crushes alts, a raid to lower liquidity could come. Order blocks strong at supports, weak at resistances – bullish bias but caution advised.

Bitcoin Correlation

BTC in downtrend at $89,007, Supertrend bearish; supports at $88,355/$86,075. LIT highly correlated with BTC (+0.85); if BTC drops below $88k, LIT loses $1.15 resistance and pulls to $0.91. BTC $91k+ breakout triggers LIT $2.00+ rally. BTC dominance rise absorbs altcoin liquidity; if $89,190 resistance holds, LIT stays sideways. Key BTC levels: Watch $88,355 (LIT $1.27 test), $86k (LIT $0.63 sweep).

Trading Plan and Level-Based Strategy

Bullish Scenario: Hold above $1.91 targets $2.00, stop below $1.15. Long on $1.27 retest, EMA20 confluence. Ideal for LIT Spot Analysis.
Bearish Scenario: $1.91 break tests $1.15/$0.91, close shorts at deep support $0.52. BTC below $88k as trigger.
Neutral: Sideways $1.80-$2.00, range trade. LIT Futures Analysis for leverage. Always risk management: Position risk 1-2%, use invalidation levels. This level-based outlook changes with market conditions – not investment advice.