Whale Transaction Spike Fuels LIT's Uptrend Continuation

• • The daily chart shows a strong uptrend, with aggressive upper supply absorption and little meaningful selling pressure.
• • On-chain data confirms a spike in large-holder transaction activity, adding fuel to retail buying momentum.

The decentralized identity management (DID) sector is seeing a sizable influx of speculative capital. On-chain monitoring has picked up a significant spike in the frequency and volume of large transactions executed by whale wallets, activity consistent with strategic accumulation ahead of an anticipated network utility expansion. Technically, on both the daily and hourly charts, LIT is holding a solid uptrend continuation structure, closing at $2.5956 (Rp46502). Backed by this institutional buying dominance, price is projected to extend gains toward the resistance area at $2.7627 (Rp49496) over the next 4 days. If the buying wave continues without macro headwinds, the next short-term target sits at $3.0000 (Rp53748).

With price already in overbought territory, a sudden bout of profit-taking is a real risk. Apply strict risk limits if price falls below the critical level of $2.4634 (Rp44134).