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LITLighter$2.82
24h
-12.86%
15 Aug, 05:22
Bullish technical setup on weekly chart
Bullish+24.08%
AI Summary
The author expresses a bullish view on $LIT based on technical analysis, noting a bullish engulfing weekly candle and strong price action holding above the $1.96 retracement level.
$LIT l @Lighter_xyz
Price retraced to $1.96 on Aug 9 before bouncing.
$LIT price action has been holding up pretty well, and on the higher timeframe it looks good.
The weekly candle just printed a solid bullish engulfing candle, and we’re still waiting for another bullish candle to confirm the direction.