Markets· ★★· neutral·

LIT rises 1.53% to $3.07 but stays below key moving averages

  • —Price at $3.07, up 1.53% on the day, volume $62.57 million
  • —Volume 33.11% below the 30-day average
  • —Price below 7-, 15-, 30-, 50- and 90-day SMAs, above 200-day SMA of $2.29
  • —RSI at 37.6 and bearish MACD: no confirmation of a reversal
Why it matters: Weak volume and bearish technicals leave the rebound unconfirmed, so the move may prove short-lived.
#LIT
Source: DiarioBitcoin
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