2026-01-04 16:22:07

LIT's recent performance is worth paying attention to—30-minute candlestick trading volume surged by 114.8%, which often indicates that the market is brewing a direction.

The current price is stuck at 2.622 USDT, only 1.21% away from the key support level of 2.604, which is an interesting position. Below, there is also a support zone between 2.519 and 2.539.

From a technical perspective, a sharp increase in trading volume is usually a precursor to a market move. If you have a bullish idea, you can place an order around 2.604 to enter the market, with a target pointing to the resistance level of 2.724 above. However, how the subsequent trend develops still depends on closely watching whether the trading volume can be sustained, which is the key.

LIT8,72%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

6 Likes

Reward
6
4
Repost
Share

Comment

0/400

MEVHunterNoLoss

· 18h ago

I've seen many cases of volume surging, and nine times out of ten it's a false breakout... We need to see if it can hold steady above 2.724 before making any moves. --- The 2.604 level is really tough to break through, just waiting for the big players to decide which way to push. --- Sigh, once again volume is increasing... The last time a coin like this did that, it was cut in half in three days. Better to be cautious. --- The idea of going long is good, but I'm worried the trading volume can't keep up and it might drop straight down. --- The key is whether this round can break through 2.724; otherwise, it's just a pattern of testing repeatedly. --- It feels like LIT has been playing some mind games lately, with trading volume doubling but the price staying still... It's a bit suspicious. --- Support is so close that a single big bearish candle could break it. Does this support level really work? --- A 114.8% surge—I bet this is a signal of institutions dumping their holdings. --- It's that same old story of "volume increase is a precursor"… How many times have we heard that only to get liquidated in the end? --- If we can't get past 2.724, let's just be honest and stick to 2.539.

View OriginalReply0

On-ChainDiver

· 19h ago

Trading volume surged by 114%, this move is really interesting... but I feel cautious about entering now. --- The 2.604 level feels like walking on a tightrope; a slight tilt and it will retreat. --- Wait for volume confirmation before jumping in, otherwise it's easy to get trapped. --- Can LIT break 2.724 this time? It feels a bit uncertain. --- With such dense support, I think the downside is limited; better to bet on a rebound. --- The trading volume couldn't hold up; all technical analysis is useless. This is a painful lesson. --- Holding at 2.622 is probably just waiting for a signal; let's see who gets impatient first. --- Such sharp rises are often just traps; I choose to stay on the sidelines. --- There are probably many orders around 2.604; I prefer to wait for a clearer direction. --- Thinking back to the last time volume was deceptive, I’m feeling a bit hesitant now.

View OriginalReply0

PumpDoctrine

· 19h ago

Trading volume surges by 114.8%? It's starting now, gotta keep a close watch. --- That 2.604 level is really holding firm, just waiting for the break. --- It's the same old trick of volume activation; whether this time is reliable or not remains a question. --- Watching the trading volume soar, I feel like it will either break above 2.724 or crash straight through, with no middle ground. --- Supporting levels stacked so high, it feels like they're digging a pit for retail investors. --- If the volume doesn't sustain, it's just bluffing; I've seen this many times. --- How are the people who went long at 2.604 feeling now? I can see they're nervous.

View OriginalReply0

MEVHunterZhang

· 19h ago

A trading volume surge of 114.8%... it depends on whether it can be sustained, otherwise it's just a temporary illusion.

View OriginalReply0