LIT: Trader Loses $2M on 1,126 ETH Swap

@lookonchain flagged a wallet that swapped 1,126.44 ETH ($2.01M) for just 5,776 LIT ($14,208), realizing a near-$2M loss on the trade.

LIT price prediction models now face fresh scrutiny after the transaction. On the 4h chart, price sits at $0.74 inside the Bollinger Bands with upper resistance at $0.81 and lower support at $0.69. The EMA50 at $0.77 and EMA200 at $0.79 act as firm overhead resistance while the MACD death cross at -0.03 confirms bearish momentum and RSI at 47.01 stays neutral, pointing to continued downside pressure before any relief rally.