LIT Correction Expected

Here's my analysis for LIT:

• We observed a low in August, accompanied by bullish RSI divergence.
  
• A new higher high was achieved in late October.
  
• The token is trending within a well-defined ascending channel (illustrated in black).
  
• Recently, there was a failed attempt to break out from this channel, marked by bearish RSI divergence.
  

Based on these observations, my overall outlook for LIT remains bullish. However, I anticipate a phase of consolidation or correction in the near term.

I plan to monitor for a potential test of the green support line and the lower boundary of the ascending channel.