The fact that buyers are holding on above $4 suggests this downturn is more than just panic selling. Over the past month, $LIT has slid from 4.7 all the way to 2.87, but the most telling part is what happened in between: in late September, the price was still around 4.5, while daily trading volume jumped from 100 million straight to 250 million. After that, the price didn’t hold—it fell even faster. It’s not that there were no buyers; it’s that the buyers got trapped.
After the volume spike, $LIT briefly bounced to 4.02, then lost momentum again. In recent days, trading volume has shrunk to around 50 million. That’s not bad liquidity for a token ranked 89th by market cap, but it’s still 63% below its ATH. This level doesn’t really look like a bottom, but it’s not high either—it feels more like a range that’s uncomfortable for both bulls and bears.
What I care about more is how much of that 250 million in volume during the decline came from aggressive buyers. If $LIT can stabilize around 2.8 on lower volume, then the earlier sell-off on heavy volume was just a changing of hands. But if another high-volume red candle appears, it would mean the last batch of dip buyers is giving up—and even cheaper tokens could show up next.
If you’re watching this market and have noticed any fund flows, wallet addresses, or ecosystem developments affecting the narrative around $LIT , feel free to add them. What I want to know now isn’t how much it can rebound, but who’s buying at this level, and why.
After the volume spike, $LIT briefly bounced to 4.02, then lost momentum again. In recent days, trading volume has shrunk to around 50 million. That’s not bad liquidity for a token ranked 89th by market cap, but it’s still 63% below its ATH. This level doesn’t really look like a bottom, but it’s not high either—it feels more like a range that’s uncomfortable for both bulls and bears.
What I care about more is how much of that 250 million in volume during the decline came from aggressive buyers. If $LIT can stabilize around 2.8 on lower volume, then the earlier sell-off on heavy volume was just a changing of hands. But if another high-volume red candle appears, it would mean the last batch of dip buyers is giving up—and even cheaper tokens could show up next.
If you’re watching this market and have noticed any fund flows, wallet addresses, or ecosystem developments affecting the narrative around $LIT , feel free to add them. What I want to know now isn’t how much it can rebound, but who’s buying at this level, and why.