$LIT /USDT – 4H Technical Outlook 📉
LIT is under strong bearish pressure on the 4H timeframe.
🔹 Trend: Clear downtrend
Price continues to print lower highs & lower lows, confirming bearish market structure.
🔹 Moving Averages:
Price is trading below MA(7), MA(25), and MA(99)
MA stack is bearish → sellers firmly in control
🔹 Price Action:
Sharp rejection from the 3.23 area
Continuous sell-off with weak pullbacks
Recent breakdown pushed price to 1.815, a short-term support zone
🔹 Volume:
Increasing sell volume during red candles
Indicates strong distribution, not a healthy pullback
🔹 Key Levels:
Support: 1.80 – 1.75
Resistance: 2.05 – 2.15 (previous consolidation + MA zone)
📌 Bias:
As long as price remains below 2.15, the bias stays bearish. Any bounce into resistance may offer short-selling opportunities, while a clean reclaim above resistance is needed to shift momentum.
⚠️ Trade with proper risk management. Market is volatile.
#LITUSDT #CryptoAnalysis #BinanceSquare #Perpetuals #TechnicalAnalysis $LIT
