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NewsBTC 2022-10-03 09:10:58

Litentry Breaks Out Of A Descending Triangle, Can Bulls Hit $1.2?

LIT price creates more bullish sentiment as price hold above daily EMA LIT looks more stable as bulls breakout of a descending triangle The price of LIT could face major resistance at $1.2 Litentry (LIT) has had a rough start to the year, but that could be shelved aside as the price looks more bullish recently against tether (USDT). Litentry (LIT) price has seen more of a downtrend in the bear market than an upside with the price struggling to regain the bullish structure and has failed each time with Bitcoin (BTC) price falling to a region of $18,700 affecting the price of the altcoin. (Data from Binance) Related Reading: TA: Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,350 Litentry (LIT) Price Analysis On The Weekly Chart The crypto market hasn’t had the best price movement in recent times, but this can not rule out that some crypto assets have continued to show great strength bouncing from their lows and breaking out of their downtrends to establish a bullish momentum. Despite showing less price movement in recent weeks as the price continued to trade below the key resistance level of $0.7, preventing the price of LIT from rallying high. The price of LIT closed the weekly price looking more bullish as bulls pushed the price to break the resistance at $0.7, setting up a more bullish price movement ahead of the new week for the price of LIT. The price of LIT faced price rejection from a region of $...

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