$LIT has shown no price change over the last 24 hours, indicating consolidation in a downtrend.
The Bollinger Bands suggest low volatility, with the upper band at 0.7654 and lower band at 0.6614.
Current support stands at 0.63, while resistance is at 0.758, creating a narrow trading range.
Macroeconomic factors like rising inflation may keep bearish sentiment prevalent, limiting positive movement.
Bitcoin's influence remains undefined, adding uncertainty to LIT's potential rebound.
Traders might consider a short-term approach due to the current volatility and overall downtrend.
In summary, watch for breaches of the resistance and support levels for potential breakout signals.
