$LIT – Intense Sell-off Momentum: Targeting the 2.00 Support Zone

Short $LIT

Entry: 2.324 – 2.410

SL: 2.560

TP: 2.160 – 2.040 – 1.880

Price Action Description:

On the 4h chart, $LIT is undergoing a brutal sell-off after failing to maintain its footing above key support levels. The current candlestick structure is highly bearish, featuring a decisive long-bodied red candle that has completely sliced through the MA7, MA25, and MA99 bands in a short window. This vertical drop, coupled with a spike in trading volume, indicates panic selling and a total lack of immediate buying interest. Given the steepness of the current decline, I expect LIT to quickly gravitate toward the psychological support near 2.00 or even lower as the market searches for a new equilibrium.

Click and trade here👇

LITUSDT

Perp

2.208

-15.07%