The post LIT Technical Analysis Jan 23 appeared on BitcoinEthereumNews.com. LIT is trading at the current $1.74 level; stuck in the $1.69-$1.89 range with a %3.The post LIT Technical Analysis Jan 23 appeared on BitcoinEthereumNews.com. LIT is trading at the current $1.74 level; stuck in the $1.69-$1.89 range with a %3.

LIT Technical Analysis Jan 23

LIT is trading at the current $1.74 level; stuck in the $1.69-$1.89 range with a %3.28 drop in the last 24 hours. Critical supports show strong MTF confluence far below ($0.52-$0.63), while resistances stand out as past liquidity zones around $1.03-$1.15 – price holding above these levels gives a short-term bull signal.

Current Price Position and Critical Levels

LIT is balanced at $1.74 within a sideways trend; RSI at 48.64 is neutral, but positioning above EMA20 ($0.76) preserves the short-term bull structure. Although Supertrend gives a bearish signal, the $1.27 resistance appears broken, with rejection from the 24-hour high of $1.89 and bounce from the low of $1.69 completing local liquidity hunting. 17 strong levels detected across 1D/3D/1W timeframes (1D: 3S/4R, 3D: 2S/2R, 1W: 5S/3R), indicating the market structure is based on solid foundations. Volume at $136.71M is moderate, with potential for increase in rejection zones.

Support Levels: Buyer Zones

Primary Support

$0.5210 (Strength Score: 76/100) – This level stands out as the most critical buyer zone. Reinforced by order block (OB) formation on the 1W timeframe, tested 4 times in the past with volume surges on each rejection (e.g., before the 2025 Q4 rally). 3D chart shows %61.8 Fibonacci retracement with MTF confluence; EMA50 (around $0.55) provides nearby support. This zone is a liquidity collection area for big players – breakdown triggers stop hunting, opening path to $0.48 below. While $1.69 is a local support in the near term, this is the main defense line.

Secondary Support and Stop Levels

$0.6371 (71/100): 1D supply-demand zone, rejected with volume 3 times (2025 fall decline). Strengthened by EMA20 confluence, near POC (Point of Control) in volume profile. $0.3868 (69/100): 1W deep support, aligned with %78.6 Fib extension; bounce point from historical lows, liquidity pool. Secondary invalidation below $0.6371, full stop on $0.3868 breakdown – this is structural bull invalidation, downside target drops to $0.7752 (negative scenario).

Resistance Levels: Seller Zones

Near-Term Resistances

$1.0305 (71/100): Short-term first hurdle, formed from past rejections as 1D breaker block. Above the last 24h low of $1.69, price may test on retracement – volume increase expects seller entries here. Confluence with $1.27 Supertrend resistance, upper band of sideways channel. $0.9103 (77/100): Strongest short-term resistance score, 3D swing high; faked out 2 breakouts, triggered drops after liquidity grab.

Main Resistance and Targets

$1.1507 (72/100): Main resistance, MTF confirmed with 1W equal highs and %100 Fib extension. Tested 5 times in the past, created volume imbalance – breakout carries to $1.89 (24h high), target N/A (unlimited upside). 24h high $1.89 is local target, requires cleanout of $1.1507 for breakout. Holding below these levels is bullish, above is aggressive upside signal.

Liquidity Map and Big Players

Big players (smart money) may be accumulating long positions at $0.5210-$0.6371 supports – this area is full of low-risk OBs and stop liquidity (ideal for stop hunting). Above, $1.03-$1.15 resistances are seller OBs, liquidity targets to pull price down. Sideways structure hunts buy liquidity from $1.69 lows, sell liquidity from $1.89 highs. BTC downtrend biases altcoin liquidity downward, expect accumulation at $0.52.

Bitcoin Correlation

BTC in downtrend at $90,016, main supports $89,435 / $86,598; resistances $91,100 / $92,611. Supertrend bearish, rising dominance pressures altcoins – LIT correlated to BTC at %0.85, BTC slip below $89k tests LIT $1.69 support, drops to $0.6371. BTC breakout above $91k carries LIT to $1.89+; monitor BTC levels, especially $86k breakdown triggers general altcoin liquidity.

Trading Plan and Level-Based Strategy

Hold above $1.69 is bullish outlook: long bias on $1.03 retracement, targets $1.15-$1.89 (R/R 1:3+). $1.69 breakdown is short setup, targets $0.91-$0.63 (R/R 1:4). Main scenario sideways continuation, expect major hold at $0.5210 – details in LIT Spot Analysis and LIT Futures Analysis. This outlook is based on level test/rejection dynamics; markets are variable.

This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.

Senior Technical Analyst: James Mitchell

6 years of crypto market analysis

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/lit-support-and-resistance-levels-critical-points-for-january-23-2026

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