🔥 **Analysis of $LIT: Strong Upward Trend**

Currently, $LIT is showing a clear upward price trend, continuously testing significant resistance levels. The K-line chart has formed a classic hammer candle pattern at the bottom level of 1.495 with an extremely high trading volume (17.5M), followed by consecutively higher lows, reinforcing the upward momentum. The recent price rejection at the high of 1.686 is seen as a healthy correction.

The trading volume in the last 4 hours also confirms bullish signals. We see a significant increase in volume (1.7-2.9M) during price increases, contrasting with lower volume (500-800K) during declines. This indicates that buying pressure is dominant.

The cash flow data shows positivity. In the last 24 hours, there has been a net cash inflow of 2.13M USDT into contracts, despite some short-term outflows. Notably, the net cash inflow of 1.9M USDT in 12 hours coincides with the price recovery from the bottom of 1.495.

Potential Entry Point for $LIT to consider. Ideally, at the support range of 1.615-1.625, where the MA5 line and the middle Bollinger Band converge. Another entry point is when the price successfully breaks through the resistance level of 1.662 with strong trading volume.

A Stop-Loss (SL) is recommended to be set at 1.52, below the MA20 line and the nearest swing low to manage risk effectively.

Target areas (TP) for $LIT are 1.68 - 1.73. This is the level testing the 24-hour peak and the next significant resistance levels.

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(LITUSDT)

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