Lighter price slides 20% as structure points to near-term weakness
The post Lighter price slides 20% as structure points to near-term weakness appeared on BitcoinEthereumNews.com.
Lighter price slid sharply after breaking a key support level below, extending its post-launch sell-off and keeping short-term pressure firmly in place. Summary Lighter extended its sell-off after a clear technical breakdown Market participation is skewed toward short-term traders rather than long-term holders. Momentum indicators are weak, with RSI hovering in oversold territory. At press time, LIT was trading at $2.07, down 20% over the past 24 hours. The token has fallen 31% over the past week and is now roughly 73% below its $7.86 all-time high set shortly after launch on Dec. 30. Over the past seven days, prices have ranged between $2.07 and $3.21. Spot market activity has slowed alongside the drop. Trading volume declined 64% to $15 million, pointing to reduced demand as the price slipped below its former support. Derivatives tell a more active story. According to CoinGlass data, perpetual trading volume jumped nearly 118% to $21 million, while open interest climbed 47% to $1.69 million. The increases suggest that most positioning is focused on short-term momentum rather than taking on longer-term exposure. Buybacks fail to boost price Lighter is a perpetual DEX based on Ethereum that offers on-chain execution and zero-fee trading. After raising $68 million in a round headed by Founders Fund and Ribbit Capital, which valued the business at $1.5 billion, the project unveiled its LIT token in late 2025. In early January, LIT saw a brief push higher, climbing toward $2.89 after Lighter launched a treasury buyback program that directs 50% of protocol fees toward repurchasing tokens. A brief rebound after the announcement was mostly fueled by whale wallet activity. The momentum quickly faded as early holders sold and sector-wide rotation started to affect the price. Lighter has expanded its product line to include tokenized stock offerings like MSTR and CRCL, as…
Filed under: News - @ January 13, 2026 5:24 am