Lithium and Battery Tech ETF bottoming

Watch the Global X Lithium & Battery Tech ETF (LIT) for a potential 2024–2025 double bottom. A decisive breakout above 47.00–49.12 would confirm the pattern and open the door to further upside. Past breakouts in mid 2020 and early 2017 were bullish for both LIT and the S&P 500, which extended rallies from their early-2020 and early-2016 lows.