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$LIT triggered a short liquidation event, forcing bearish traders to cover positions as price pushed higher.
The liquidation-driven buying pressure has strengthened bullish momentum and suggests that buyers are gaining control in the current range.
EP
1.55 - 1.59
TP
TP1 1.65
TP2 1.72
TP3 1.80
SL
1.50
Liquidity was taken above recent highs, clearing short positions and confirming strong demand around the breakout zone.
The recent move indicates that sellers are losing control, while increasing momentum continues to support a bullish market structure.
As long as price holds above reclaimed support, the path of least resistance remains to the upside.
A decisive break above 1.65 could attract additional buyers and accelerate the move toward higher liquidity targets.
The short squeeze has shifted momentum in favor of bulls, putting $LIT on the watchlist for continued strength.
Let’s go $LIT