The hardest decision for holders right now isn’t whether to get on board, but how to handle that 35% unrealized profit. $LIT moved from $2.0 to $2.35 over more than a month. In the recent three days, it surged from $2.33 to $3.11. Over the past 24 hours, volume rose from $24M to $137M. Volume and price both increased—no issues there. But look at the 7-day and 30-day gains: they almost overlap and both level off around 35%. That means this up-move basically finished within the last week, and the sideways consolidation from the previous month contributed nothing.
In a larger structure, this position looks more like repair than a new all-time high. It’s still about 60% away from the ATH of $7.86, and the market cap is $778M, ranking #85. In other words, $LIT still owes an explanation for the prior high.
At this stage, price is the result, while volume is the cause. Before August 20, daily trading was typically in the $20–40M range, with sideways movement and shrinking volume. Starting on the 20th, it logged three consecutive days of $71M, $102M, and $130M, and the price rose in sync—showing the incoming capital is willing to chase, not just mark prices. However, $3.23 is the 24h high, and $3.11 is hugging the lower side, which suggests there’s selling pressure above. A 30d +35% move means most holders have unrealized gains; once the volume can’t hold, profit-taking won’t be small.
So there’s really only one indicator worth watching: whether the trading volume over the next 24 hours can stand above $100M. If it holds, this wave is the prelude to a trend. If it slips back below $50M, then a pullback to $2.6–$2.7 is the most likely scenario. Whether to keep waiting—just wait for this number. You can also scroll back and look at how $LIT previously expanded volume a few times, and what happened after volume managed to hold.
In a larger structure, this position looks more like repair than a new all-time high. It’s still about 60% away from the ATH of $7.86, and the market cap is $778M, ranking #85. In other words, $LIT still owes an explanation for the prior high.
At this stage, price is the result, while volume is the cause. Before August 20, daily trading was typically in the $20–40M range, with sideways movement and shrinking volume. Starting on the 20th, it logged three consecutive days of $71M, $102M, and $130M, and the price rose in sync—showing the incoming capital is willing to chase, not just mark prices. However, $3.23 is the 24h high, and $3.11 is hugging the lower side, which suggests there’s selling pressure above. A 30d +35% move means most holders have unrealized gains; once the volume can’t hold, profit-taking won’t be small.
So there’s really only one indicator worth watching: whether the trading volume over the next 24 hours can stand above $100M. If it holds, this wave is the prelude to a trend. If it slips back below $50M, then a pullback to $2.6–$2.7 is the most likely scenario. Whether to keep waiting—just wait for this number. You can also scroll back and look at how $LIT previously expanded volume a few times, and what happened after volume managed to hold.