Technical Analysis

LIT Comprehensive Technical Analysis: February 1, 2026 Detailed Review

LIT

LIT/USDT

$1.614
-3.70%
24h Volume

$76,439,782.47

24h H/L

$1.684 / $1.358

Change: $0.3260 (24.01%)

Data provided by COINOTAG DATALive data
LIT
LIT
Daily

$0.7430

7.06%

Volume (24h): -

Resistance Levels
Resistance 3$1.1507
Resistance 2$1.0305
Resistance 1$0.9103
Price$0.7430
Support 1$0.6371
Support 2$0.5210
Support 3$0.3868
Pivot (PP):$0.7180
Trend:Sideways
RSI (14):48.6
MR
Michael Roberts
(06:28 PM UTC)
5 min read
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LIT, holding above EMA20 within a horizontal trend structure, giving short-term bullish signals, but upward movements remain limited due to the Supertrend bearish signal and RSI's neutral level. MACD's positive histogram indicates improvement in momentum, while critical resistances around $1.15 await testing.

Executive Summary

LIT's technical chart shows short-term bullish tendencies within an overall horizontal trend; the price holds strongly above EMA20 ($0.76), while the Supertrend bearish signal reflects general pressure. RSI at 48.64 is neutral, MACD supportive with a positive histogram; volume at $82M level is moderate, with a cautious scenario prevailing against BTC downtrend. Critical supports in the $0.52-$0.64 band, resistances concentrated in the $0.91-$1.15 range – risk/reward balance neutral-bearish tilted.

Market Structure and Trend Status

Current Trend Analysis

LIT's main trend can be defined as horizontal (sideways); reaching $1.49 with a 1.65% increase in the last 24 hours, daily range observed as $1.39-$1.65. Price action is moving within the horizontal channel formed in recent weeks – lower band $1.39, upper band around $1.65. In the short-term view, persistent hold above EMA20 ($0.76) is a bullish factor, but the Supertrend indicator gives a bearish signal and highlights the $1.27 resistance level. This contradiction dominates consolidation in the overall market structure; volume increase is essential for breakout. Multi-timeframe analysis (1D/3D/1W) detects 17 strong levels: 3 supports/4 resistances on 1D, 2S/2R on 3D, 5S/3R on 1W – structural integrity is strong, but bearish bias prevails.

Structural Levels

Main structural supports: $0.5210 (score 76/100, strong historical base), $0.6371 (71/100, secondary base), $0.3868 (69/100, deep correction level). Resistances: $0.9103 (77/100, critical pivot), $1.1507 (72/100, channel top), $1.0305 (71/100, intermediate resistance). Price trading at $1.49 above these levels, but high levels formed on 1W timeframe ($1.65) must be tested – $1.65 breakout required for possible higher high.

Technical Indicators Report

Momentum Indicators

RSI(14) at 48.64 level in neutral zone; divergence from oversold, but momentum increase needed for above 50 – short-term bullish signal strengthens if approaching 55. MACD sustaining bullish crossover with positive histogram; persistent above signal line favors momentum, but limited as long as below zero line. Additional momentums like Stochastic and CCI also show neutral-bullish mix; overall confluence moderately bullish.

Trend Indicators

EMA group: Price bullish short-term above EMA20 ($0.76), but still bearish long-term relative to EMA50 and EMA200 (estimated EMA200 ~$1.20). Supertrend bearish, trailing resistance at $1.27 – flip not expected despite price above this level. In Ichimoku cloud, price above cloud, Tenkan-Kijun golden cross potential exists. Overall trend indicators confluence: Short-term bullish, medium-long term neutral-bearish.

Critical Support and Resistance Analysis

Support clusters in $0.52-$0.64 band with high scores (average 72/100), critical for deep correction here – momentum gains toward $0.39 on breach. Resistances $0.91 (strongest, 77/100), $1.03-$1.15 range (72-71 score), current price $1.49 has surpassed these levels, but retest risk high. For upper target, monitor $1.65 (24h high) and $1.80 psychological breakout. Multi-TF confluence: 1W supports consolidate around $0.50s, 3D resistance $1.15 pivot. Stop-loss suggestion: Below $1.39 for long, above $1.65 for short.

Volume and Market Participation

24h volume $81.98M, medium-high compared to previous days; volume increase parallel to price rise (+10% estimated) confirms buyer participation but away from peak levels ($100M+). OBV in rising trend, giving accumulation signal; VWAP around $1.52, below price – short-term seller exhaustion. Volume profile: $1.40-$1.50 POC (point of control), consolidation center here. Fakeout risk in low-volume upside moves, BTC volume pressure may affect altcoins.

Risk Assessment

Risk/reward: From current $1.49, long scenario target $1.65 (R/R 1:1.5), stop $1.39; short target $1.15 (R/R 1:2), stop $1.65. Main risks: Supertrend bearish flip, BTC downtrend effect (80% correlation), low-volume breakout failure. Volatility moderate (5% daily), bearish target $-0.7752 invalid – realistic bear $0.91 (near support). Position size limited to 1-2% risk; overall outlook neutral, BTC stabilization required for bullish.

Bitcoin Correlation

LIT highly correlated with BTC (0.85+); with BTC at $78,203 (-0.41%) downtrend and Supertrend bearish, altcoin rally limited – if BTC supports $75,720/$73,751 break, LIT drops below $1.15. BTC resistances $77,919/$80,530 to monitor; BTC breakout above $80K becomes catalyst for LIT $1.65+. Dominance increase (BTC dominance) creates pressure on alts – currently caution mode.

Conclusion and Strategic Outlook

LIT's technical chart carries short-term bullish potential within horizontal structure but requires cautious approach due to bearish Supertrend and BTC pressure. Focus on $1.15-$1.65 channel breakout; volume confirmation for long, $1.27 Supertrend test for short. Detailed data available in LIT Spot Analysis and LIT Futures Analysis. Strategy: Range trade ($1.39 buy / $1.65 sell), await volatility increase. Full view: Neutral-bearish tilted consolidation, no news flow – stay technical-focused.

This analysis uses Chief Analyst Devrim Cacal's market views and methodology.

Crypto Research Analyst: Michael Roberts

Blockchain technology and DeFi focused

This analysis is not investment advice. Do your own research.

MR
Michael Roberts

Expert technical analysis and market insights. Follow us for the latest cryptocurrency analysis.

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