Litentry Technical Analysis: Bulls Mark The Price at $1.05

Technical Key Points

LIT Past Performance

In the last 24 hrs, the price of LIT (Litentry) has seen a change of 40.06%. The volume over the last 24 hrs is $274,879,562, and LIT's market capitalization currently stands at $106,781,317 . The circulating supply in the last 24hrs is 37,132,163.63 LIT.

Source: Trading view

Litentry Technical Analysis

LIT is currently trading at $1.05 and has seen a price increase of over 40 % in the last 24 hours where it has traded as low as $0.6549 and as high as $1.12.The market capitalization currently stands at $106,781,317. The RSI is currently at 64.87 and is showing signs of a potential bearish divergence. The MACD on the other hand is currently in bullish territory and is above the signal line. The MACD bars are short and green, indicating the bullish momentum. The support levels are at $0.6549,$0.8721, and $1.01 while the resistance levels are at $1.12,$1.16 and 1.2187.

The Bollinger bands are currently tight but are expected to expand in the coming hours or days. Looking at the candlestick chart, we can see that the candlesticks are mostly green indicating that the bulls are in control of the market. Out of the 26 technical indicators, 13 show a bullish signal, 9 holds, and 4 sell signals. The oscillators show bullish momentum. Overall, the Litentry technical analysis is bullish with some signs of a potential bearish divergence on the RSI. From the above analysis, it can be concluded that LIT is currently in a bullish trend and is expected to continue to rise in the near future.

LIT Upcoming Trend

LIT is expected to continue its upward trend as the technical indicators currently favor the bulls. The RSI however shows some signs of a potential bearish divergence which could lead to a correction in the prices in the near future. Investors are advised to hold on to their positions and wait for the prices to stabilize before making any further decisions.