$LIT đ is doing something interesting while most of the crypto market is strugglingâđ
While the overall market dropped around 1.62%, Lighter (LIT) managed to jump more than 10%, reaching nearly $3.49. That's a pretty strong move, especially during this weak market condition.
One possible reason behind this sudden interest is Swiss bank Sygnum adding LIT for trading, custody and lending services. This could slowly attract more institutional attention towards the token. But we need to see whether this interest will continue or just a short-term reaction.
đ Looking at the chart, LIT is showing some recovery signs. The $3.45 area is now an important level to watch. If buyers manage to defend this zone, another attempt towards $3.57 looks possible.
And if $3.57 gets broken with strong volume, we might see LIT moving towards $3.69 next. A stronger rally could even open the door for higher levels in coming sessions.
But don't get too excited yet! đ
There are some early signs that buying pressure is slowing down. RSI is cooling and OBV also showing a little weakness.
â ď¸ If LIT loses $3.45, a correction towards $3.29 cannot be ruled out.
LIT looks interesting for now, but the next move around $3.45â$3.57 will be very important. Let's see whether buyers can keep this recovery alive! đ
While the overall market dropped around 1.62%, Lighter (LIT) managed to jump more than 10%, reaching nearly $3.49. That's a pretty strong move, especially during this weak market condition.
One possible reason behind this sudden interest is Swiss bank Sygnum adding LIT for trading, custody and lending services. This could slowly attract more institutional attention towards the token. But we need to see whether this interest will continue or just a short-term reaction.
đ Looking at the chart, LIT is showing some recovery signs. The $3.45 area is now an important level to watch. If buyers manage to defend this zone, another attempt towards $3.57 looks possible.
And if $3.57 gets broken with strong volume, we might see LIT moving towards $3.69 next. A stronger rally could even open the door for higher levels in coming sessions.
But don't get too excited yet! đ
There are some early signs that buying pressure is slowing down. RSI is cooling and OBV also showing a little weakness.
â ď¸ If LIT loses $3.45, a correction towards $3.29 cannot be ruled out.
LIT looks interesting for now, but the next move around $3.45â$3.57 will be very important. Let's see whether buyers can keep this recovery alive! đ