LIT is continuously being rejected at the $4 zone and it is correcting towards the $3 zone. The buying force is still being pushed in but the volume is decreasing so we should not buy immediately but wait for it at the $3 zone. The $3 zone is a very good support for LIT to rise again to conquer the $4 zone to rise to the $6 zone at the end of August. However, if it loses the $3 zone, it will be quite dangerous when it can fall sharply down to 2$ zone

📈RED PLAN
🔴Buy : 2.93-3.07$. SL if B 🔴Buy : 3.9-4.1$ if A. SL if B
📉BLUE PLAN
🔴Sell : 3.9-4.1$. SL if A 🔴Sell : 5.85-6.15$. SL if A
🟣PURPLE PLAN
🔵Sell : 2.93-3.07$ if B. SL if A 🔵Buy : 1.95-2.05$. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Litentry is a decentralized identity aggregation protocol across multiple networks, featuring a Decentralized Identity (DID) indexing mechanism and a Substrate-based credit computation network.
  • The objective of Litentry is to enable DID aggregation, verification, and credit calculation.
  • LIT is the native utility token of Litentry with the following use cases:
    • Payment: fees are paid in LIT each time a user requests a real-time credit computation via the network.
    • Reward: third-parties that set up indexed identity databases will receive rewards in LIT.
    • Staking: stake a certain amount of LIT to become an identity registrar.
    • Collateral: used as collateral for DeFi lending & borrowing services.