2026-01-20 00:21:07

LIT has been quite interesting to observe these days. After a volume-driven decline, the price has shown clear signs of weakness—high trading volume accompanied by changes in open interest, indicating that the main players might be offloading or that the bulls are facing liquidation pressure.

From the data, the daily drop is close to 15%, which is definitely not a small fluctuation. The surge in trading volume combined with the price breaking below key support levels is a typical sign of weakness. Currently, there is no effective buying support seen in the market, and instead, there is a sense that a trigger could happen at any moment.

From a technical perspective, the current trading approach can be viewed as follows:

🎯 Shorting Strategy
🎯 Entry Range: 1.630-1.660
🛑 Stop Loss: 1.720 (set as a rigid stop)
🚀 First Target: 1.500
🚀 Second Target: 1.380

The logic behind this strategy is that any upward rebound—especially a rebound to the previous support zone (which has now turned into resistance)—could be a good opportunity for bears to add to their positions. The downward momentum has not been fully exhausted, and the liquidity pools below are likely the target.

Market behavior is like this; opportunities often hide in the details of data changes.

LIT-3,62%

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GasFeeNightmare

· 6h ago

15% single-day decline... Are the main players really dumping, or have the bulls really been liquidated? It feels like this wave of LIT is a bit risky. Is a short opportunity coming? Let's see if we can buy around 1630, but these past two days have been very unpredictable. 1380 so low? Feels a bit greedy. Let's keep an eye on 1500 first.

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RektRecorder

· 6h ago

Wow, a 15% drop... This bearish signal is way too obvious, it feels like the main players are dumping their holdings in this wave.

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ETHReserveBank

· 6h ago

15% in one day drop like this, the main players are definitely dumping, this bearish wave seems to have some substance.

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RugpullTherapist

· 6h ago

A 15% drop in one go, this wave is indeed a bit fierce. The main players are either unloading or getting liquidated, take your pick. LIT's rhythm feels a bit familiar, it's that same pattern of rebound then short, but the data is right here, and the buying pressure at the lows really isn't noticeable. Try shorting at 1.65, target 1.38, stop loss at 1.72. Anyway, it's just a bet on liquidity pools below. Every time, they say the opportunity is in the details, but in reality, it's just about who gets their stop-loss orders swept first, haha. Weakness is weakness, no need to make it so complicated. I've heard many times that the downward momentum hasn't fully released. It feels like this wave doesn't have much room to go, maybe just oscillate around 1.5 and then be fine. LIT has been messing around like this lately, chopping up the retail traders back and forth, no one should be smug. Entering short at 1.63 still has some pressure, I will wait until 1.68 to act. Add to short when it rebounds to the resistance zone, this trick is old but still effective. This drop looks fierce, but it might just be a correction. Don't be too greedy.

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Blockchainiac

· 6h ago

A 15% drop on high volume and still staying so calm in analysis, truly an experienced trader. However, I still think this is the easiest time to get caught in a trap, with some people just cutting losses after a rebound. Whether LIT can drop to 1.38 this time is uncertain, as the main force's intentions are hard to guess. The bearish outlook looks good, but I'm worried about a reverse dump. This kind of market indeed has opportunities, the key is whether your psychological quality can hold up. I feel that the 1.5 level will be very critical—either a rebound or a continued breakdown. LIT has been quite strange these days; I think I'll wait and see, and act only after clear signals. Before shorting, you still need to check the overall market sentiment, so you don't get violently pushed up in the opposite direction. The 1.38 target is a bit greedy; realistically, taking profit around 1.5 might be better.

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RatioHunter

· 6h ago

Yeah, this wave is really intense. A 15% drop in a single day left me stunned. This time, it's really not just a rebound, it seems like it will continue to fall. How much liquidity can 1.38 absorb? Worth paying attention to.

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DefiOldTrickster

· 6h ago

Oh no, a 15% drop, now that's interesting. Another classic feast of cutting leeks. It reminds me of 2008... But this time, going short at 1.630 feels a bit greedy. My suggestion is to wait for a rebound to 1.700 before taking action. After all, the liquidation price at this stage is the real gold mine.

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