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LIT token drops 20% after hitting resistance but holds key support with traders still bullish.

Technical Signals
05 Jun 2026
AMBCrypto
View Source
Neutral
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LIT token experienced a sharp 20% drop after failing to break the $1.80 resistance, falling to around $1.38. Despite the sell-off and reduced trading volume, Binance top traders remain bullish, with a strong majority holding long positions. The token is currently holding above a critical breakout support level, suggesting a possible rebound toward $1.60 if buyers defend this zone. However, a break below $1.38 could lead to further declines toward $1.12.

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