The post Lighter jumps 16% – LIT traders, watch THIS for a move to $2 appeared on BitcoinEthereumNews.com.

After the Lighter crypto token dropped to a low of $1.53, buyers stepped in and defended the market from further slip. As such, LIT successfully defended the $1.5 support level and jumped to a local high of $1.85, only to slightly retrace.  As of this writing, Lighter [LIT] traded at $1.81, up 16.4% on the daily charts. This price uptick was backed by a 16% jump in trading volume, reflecting bullish momentum.  Lighter sees renewed demand After LIT tested $1.5, traders in the Futures market rushed to take strategic positions. According to CoinGlass data, the altcoin’s Open Interest (OI) climbed 16% to $145.7 million while Volume rose 28% to $178 million.  When OI and Volume rise in tandem, it signals increased participation and capital flows into the futures market.  Source: CoinGlass In fact, the altcoin saw over $83.37 million in Futures Inflow compared to $79.2 million in outflows. As a result, Futures Netflow jumped 237% to $4.08 million, indicating buyer dominance in the futures market.  Meanwhile, the altcoins Long/Short Ratio climbed above 1, to 1.004, with Binance Top Traders dominating. A ratio above 1 suggested that most traders rushed into the market and took long positions, signaling market bullishness.  Whales stake $2.3 million worth of LIT Interestingly, during the price pump, investors, especially whales, turned to the network’s staking pool. According to Winngamer, two whales deposited $2,322,712 worth of LIT into the lighter staking pool. The first whale deposited $2,084,712 in LIT after holding the funds for a month. The second whale deposited $238,000 in LIT after holding the funds for 1 month.  Source: Winngamer on X Typically, when investors turn to staking, it signals long-term conviction while they lock tokens to earn yield.  Even more importantly, locking tokens into the staking pool reduces supply, thus rising scarcity, a major…

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Filed under: News - @ January 27, 2026 11:29 am