$LIT Update LIT has finally lost the lower trendline of its symmetrical triangle, and that's the first sign of weakness I've been waiting for. Price is now trading below both the trendline and the 200 EMA, which adds more bearish confluence. The ideal scenario from here would be a retest of the broken trendline. If that retest gets rejected, it could confirm the breakdown and open the door for another leg lower. The $2.08–$2.10 area is the key level to watch. As long as LIT remains below it, I think sellers remain in control. I'll be watching the retest closely before expecting a move toward the lower support zone. DYOR.
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