Litentry (LIT) has been increasing since Feb 24. It would confirm that the correction is complete with a breakout from a long-term descending resistance line.
LIT has been falling underneath a descending resistance line since reaching an all-time high price of $18.82 on Feb 4.
The line has been validated four times, most recently on Nov 28 (red icon). The final rejection caused an acceleration of the downward movement and led to a low of $1.073 on Feb 24 (green icon). The price has been moving upwards since.
If the upward movement continues, the aforementioned resistance line would be at $4.
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