Lighter [LIT] Eyes Recovery as Bulls Reclaim Key Support Levels

The Lighter [LIT] token has experienced a notable 10.37% surge over the past 24 hours, currently trading near $1.53. This upward momentum follows a significant 20% correction from recent highs, driven by renewed interest in AI-related perpetual listings and a strategic token buyback program. Increased trading volume and improving market sentiment suggest that buyers are actively attempting to stabilize the price action after a period of heavy profit-taking.

Technical Indicators and Price Action

LIT has successfully navigated its recent decline by establishing a firm base above the $1.3825 support level. The current price structure remains constructive, characterized by higher lows as the token approaches the $1.5682 resistance zone. Technical indicators like the Relative Strength Index (RSI) have climbed to 59.20, showing regained buyer strength without entering overbought territory. While the MACD remains in bullish territory, the momentum has flattened slightly, indicating that a decisive break above $1.5682 is necessary to challenge the major $1.80 resistance area.

Supply Dynamics and Derivative Sentiment

On-chain data supports the recovery narrative, with significant exchange outflows suggesting that holders are moving assets into private storage. This trend is bolstered by Lighter’s buyback program, which has already removed more than 14.47 million LIT tokens from the circulating supply. In the derivatives market, funding rates remain positive, reflecting a persistent bullish bias among traders who are willing to pay a premium for long exposure. Because leverage levels remain moderate, the risk of mass liquidations appears controlled, allowing for a more sustainable attempt at reclaiming previous price peaks.