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LIT Technical Analysis: Sideways Consolidation, in a Weak Recovery Phase
The previous price continuously declined from the high of 2.16, stabilized and found support in the 1.23–1.30 range, and is currently consolidating around 1.64. Overall, it shows characteristics of a downward shrinking bottoming process + weak rebound.
From the moving average system, MA5, MA10, and MA30 are converging, and the price has just broken above the short-term moving averages, but a clear bullish arrangement has not yet formed, confirming a weak recovery trend.