LIT: 14% Drop Triggers Liquidation Cascade

LIT plunged more than 14% within minutes, igniting a liquidation cascade after Robinhood integrated Bitstamp to launch perpetual futures trading in the United States.

Price action now sits at $0.74 inside the Bollinger Bands with upper resistance at $0.81 and lower support at $0.69. The 50-EMA at $0.77 and 200-EMA at $0.79 act as firm overhead resistance while MACD prints a death cross at -0.03 and RSI holds neutral at 47.01.

Traders watching LIT price prediction models note that repeated tests of the upper band combined with bearish momentum often precede a swift retracement toward the 50-EMA before any sustained move lower, a pattern that aligns with broader crypto market crash dynamics seen over the past year.