bullish

Momentum

Resistance

<ul class="wp-block-list">
 <li>LIT/USDT is holding strong at $0.600 support, signaling potential for a bullish continuation.</li>  
 <li>A breakout above the $0.820 resistance is key for confirming upward momentum.</li>  
 <li>Traders should wait for strong candles and sustained price action before making any moves.</li> 
</ul>  
<p>The cryptocurrency market is keeping a close eye on LIT/USDT, as the pair shows promising indications of a potential bullish continuation from the key support level around $0.600. It is brought to our focus by the price action following the break above the <a href="https://cryptonewsland.com/vechain-breaks-out-above-descending-trendline/" target="_blank" rel="noopener noreferrer nofollow">descending trendline</a> tagged as the potential setup for a higher move. Holders of trading positions are closely observing to determine if a break of this level can hold or if further retracement is possible.</p>  
<h2 class="wp-block-heading" id="h-critical-support-level-holds-at-0-600">Critical Support Level Holds at $0.600</h2>  
<p>This makes the $0.600 level to be very significant. It has been this zone that has given good support to the price in the past, and the current figures show that buyers are coming in to support the price once again. There has been a relatively slight decrease of price, the breakdown of the falling resistance brings a ray of sunshine to the bulb. Currently the price is trading near this level and so long as the price is above it the bulls are likely to hold ground.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/James_station1/status/1848978665045966955
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-internal-resistance-in-focus-at-0-820">Internal Resistance in Focus at $0.820</h2>  
<p>Although the price has crossed the descending resistance level, traders are now waiting for the next strong resistance level at $0.820. Any breakout above this internal resistance level would probably indicate the start of an ongoing bullish trend. However, for this to happen, the breakout needs to be supported by solid buying volumes and this may as well manifest in the form of a huge bullish bar.&nbsp;</p>  
<p>Lacking these signals bulls may have a difficult time pushing the move higher.So the current price action suggests that the bull run has the green light to continue, but the market has not seen this bold yet. Throughout, traders are encouraged to exercise care with LIT/USDT until the pair manages to post a convincing breakout through the $0.820 level.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/lit-usdt-bullseye-0-820-breakout-will-momentum-sustain/" rel="noopener noreferrer nofollow">LIT/USDT BullsEye $0.820 Breakout: Will Momentum Sustain?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

LIT/USDT BullsEye $0.820 Breakout: Will Momentum Sustain?

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