$LIGHT LIGHT just had a strong bounce after tagging the $0.88 support zone, followed by a sharp run toward $1.35 before cooling off around the $1.07 area. Volatility is high, but momentum is still on the positive side.
What I’m noticing now:
Support: $0.98 – $1.02
Resistance: $1.30 – $1.35
Trend: Good recovery after the dip, still holding above short-term averages
Momentum: MACD flipping bullish, RSI staying mid-to-high but not overheated
Short-term view (1h–4h): If price stays above the MA lines, another retest toward $1.20+ is possible.
Mid-term view (1D): Needs a stable close above $1.30 to confirm trend continuation. Losing $1.00 may push it into consolidation.
Future outlook (personal opinion, not financial advice): Momentum looks healthy as long as support holds. Watching how price reacts near $1.20–$1.30 will be key for the next move.
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$LIGHT LIGHT just had a strong bounce after tagging the $0.88 support zone, followed by a sharp run toward $1.35 before cooling off around the $1.07 area. Volatility is high, but momentum is still on the positive side.
What I’m noticing now:
Support: $0.98 – $1.02
Resistance: $1.30 – $1.35
Trend: Good recovery after the dip, still holding above short-term averages
Momentum: MACD flipping bullish, RSI staying mid-to-high but not overheated
Short-term view (1h–4h):
If price stays above the MA lines, another retest toward $1.20+ is possible.
Mid-term view (1D):
Needs a stable close above $1.30 to confirm trend continuation. Losing $1.00 may push it into consolidation.
Future outlook (personal opinion, not financial advice):
Momentum looks healthy as long as support holds. Watching how price reacts near $1.20–$1.30 will be key for the next move.