LIT Technical Analysis in a Weekly Timeframe

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Now, let’s dive into this chart analysis:

LIT is in a downtrend but holds a solid support trendline at $0.55. The recent rebound indicates a potential bullish rally for LIT.

In the past, LIT has respected this support trendline and is likely to do so again. The RSI is low, suggesting that bullish momentum may be on the horizon.

Key levels:

- Primary Support: $0.55.
- All-time low: $0.388.
- Target: $1.4-$1.6.

DYOR, NFA.

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