So, as long as the price holds above $2.95, the bullish structure remains intact. A sustained move above would open the door for upside targets near $3.60.
Meanwhile, RSI remains healthy around 66 and below extreme overbought levels, leaving room for further upside.
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FAQs
LIT surged after Lighter confirmed it is actively using protocol fees to buy back LIT tokens, reducing supply and boosting market confidence.
Lighter uses fees from its DEX and future products to repurchase LIT tokens on the open market through a transparent on-chain treasury.
Yes, buybacks are live. On-chain data shows the treasury has already purchased hundreds of thousands of LIT tokens using protocol fees.
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