Whales Deposit $3.5M into HyperLiquid, Open 3x Leveraged LIT Shorts
- Whale Activity Significant: Whales 0x47e and 0xd6b deposited $3.5 million into HyperLiquid and opened 3x leveraged LIT short positions, indicating a growing bearish sentiment towards LIT that could lead to decreased liquidity.
- Market Reaction Unconfirmed: Despite the whales' trading activities raising market interest, there are currently no official confirmations or statements identifying these whales or their trading intentions, adding to market uncertainty.
- LIT Price Volatility: According to CoinMarketCap, LIT's price has dropped 30.32% in the last 24 hours to $2.37, with a market cap of $592.78 million, reflecting concerns about its future trajectory.
- Negligible Trading Volume: LIT's trading volume remains negligible, with a circulating supply of 250 million against a maximum of 1 billion, which may exacerbate price volatility and further influence investors' trading strategies.
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Technical Analysis for LIT
Technical Sentiment Analysis for Litentry (LIT) As of , Litentry (LIT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LIT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LIT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Litentry (LIT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.614 | -0.041 | 0.394 | 0.967 | 1.402 | 1.975 | 2.41 |
| Fibonacci | -0.041 | 0.344 | 0.582 | 0.967 | 1.352 | 1.59 | 1.975 |
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