$LIT Drops 7.6% Even as Lighter Adds weETH Collateral
LIT looks heavy, and good product news isn't helping.
✅ Lighter now counts 70% of weETH's index value toward perp margin
❌ Platform-wide weETH collateral capped at 1,000 weETH, too small to move demand
❌ Down 7.6% to $3.13, about 21% below the 7-day high of $3.98
❌ No official explanation for the drop
My call: expect LIT to test $3.11 support while it stays below $3.34. Not financial advice, DYOR.
$LIT
LIT looks heavy, and good product news isn't helping.
✅ Lighter now counts 70% of weETH's index value toward perp margin
❌ Platform-wide weETH collateral capped at 1,000 weETH, too small to move demand
❌ Down 7.6% to $3.13, about 21% below the 7-day high of $3.98
❌ No official explanation for the drop
My call: expect LIT to test $3.11 support while it stays below $3.34. Not financial advice, DYOR.
$LIT