Lighter (LIT) bounced off key support and staged a sharp recovery this week, driven by renewed demand from whales, an active buyback program and rising futures activity. Price action and volume - After sliding to an intraday low of $1.53, buyers defended the $1.50 level and pushed LIT to a local peak of $1.85 before a mild pullback. At the time of writing LIT traded around $1.81, up about 16.4% on the day. - The rally arrived with a 16% jump in trading volume, underlining short-term bullish momentum. Futures market: more capital, more conviction - Futures activity picked up aggressively after the $1.50 test. CoinGlass data show Open Interest rose 16% to $145.7 million while futures Volume climbed 28% to $178 million — a tandem rise that typically signals increased participation and capital inflows. - The altcoin recorded roughly $83.37 million in futures inflows versus $79.2 million in outflows, producing a Futures Netflow of $4.08 million (a 237% jump), indicating buyer dominance. - The long/short ratio edged just above 1 (1.004), with Binance Top Traders skewing toward longs — another short-term bullish sign. (Source: CoinGlass) Whales move to stake - During the price surge, large holders put capital into Lighter’s staking pool. According to Winngamer on X, two whales deposited a combined $2,322,712 worth of LIT after holding those tokens for about a month: $2,084,712 and $238,000 respectively. - Staking typically signals longer-term conviction and reduces circulating supply, which can tighten available tokens and support higher prices. Buybacks trimming supply - The Lighter team has been channeling most fee revenue into buybacks. DeFiLlama data and reporting from Cryptolycus indicate the program repurchased more than 2.4 million LIT in under a month — another supply-reducing mechanism that could contribute to upward pressure. Technical picture and outlook - Momentum indicators show improved upside strength but not yet a clear trend flip. LIT’s Relative Strength Index (RSI) made a bullish crossover yet remains below the bullish threshold at 49. The token has flipped the short-term EMA50, suggesting growing upside momentum. - For a sustained bullish continuation, bulls need RSI to climb above 50 and for EMA20 to be reclaimed. If that happens, LIT could retake $2 and target $2.50 resistance levels. - If the upside attempt fails, expect a retrace toward $1.70, with $1.49 as the critical support to watch. Bottom line LIT’s rebound has been supported by coordinated signals: futures capital inflows, whale staking, and aggressive buybacks — all of which reduce available supply and boost demand dynamics. Technicals are improving but not yet decisively bullish; confirmation will require higher RSI and a reclaim of EMA20. Sources: CoinGlass, Winngamer (X), DeFiLlama, Cryptolycus, TradingView. Disclaimer: This content is informational and not investment advice. Cryptocurrency trading is high risk; do your own research before making decisions. © 2026 AMBCrypto. Read more AI-generated news on: undefined/news