$LIT re-listed on trending. I looked at more than just that bullish candle—I looked at the turnover.
Market cap: $1.02B; 24h volume: $190.92M. Relative to the scale of
#80 , the turnover is close to 19%. That suggests it’s not a neglected pool—there is capital that keeps re-pricing it.
7-day: -21.69% is very eye-catching, but 30-day is still +10.58%. Below ATH $7.86, there’s still -48.12%.
In September, it was pushed from $3.52 to $5.31, then dumped to $3.66. Now it’s back to $4.08. This looks more like a redistribution of positions than a simple continuation of the trend.
After the $253M volume candle on 10/1, the 24h volume is still $190M. That means it can hold—suggesting sell pressure is being digested by someone. If next the volume drops back below $80M and the price falls back below $3.9, then this bounce would only count as a weak correction.
I’m cautious: $4.4–$4.8 overhead is the prior trapped-position zone, and the positive 30-day return means there are still profit-takers. For
$LIT to break out into a real uptrend, it needs to first prove that the money isn’t only here for a one-off liquidity pulse.
What clues have you been watching lately—perp OI, DEX trading volume, CEX net inflows, or changes in the holdings of market-maker addresses? These may reveal whether the narrative is back earlier than the candlesticks.