The Lithium ETF (Symbol: LIT) faced a downturn on Wednesday, falling below its important 200-day moving average.
In Wednesday’s trading, LIT shares dropped to $42.21, slightly below the 200-day moving average of $42.23. This decline represents a decrease of about 2.8% for the day. The accompanying chart illustrates LIT’s performance over the past year, alongside its moving average:
Analyzing the chart, the lowest point for LIT in the past 52 weeks is $34.65 per share, with a peak reaching $52.23. Currently, shares are trading at $42.06.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
