Lighter [LIT] climbed 10.28% to $3.49 over the past 24 hours, significantly outperforming the broader crypto market, which fell 1.62% during the same period.
The token's rally appears tied to a recent listing on Sygnum, a Swiss bank that added LIT for trading, custody, and lending services. The development provides institutional clients with direct access to the token and enables holders to utilize financial services without requiring asset sales.
Trading activity in LIT increased alongside the price movement, with 24-hour volume rising 24.43% to $85.7 million.
Technical Analysis
On the daily chart, LIT traded around $3.46 at the time of writing, positioned above the 61.8% Fibonacci level at $3.4555. This level emerged as support following a recovery from $2.59. The RSI stood at 54.22, remaining above the neutral 50 mark, while the On-Balance Volume (OBV) showed recovery from late-October lows, though a recent dip suggested buying momentum may be stabilizing.
On the 4-hour timeframe, LIT had climbed above the 78.6% Fibonacci level, but early signs of momentum cooling emerged as price approached $3.57 resistance. The RSI slipped to 59.88 after approaching the 60 region, with OBV dipping following its sharp increase during the rally.
Key Levels
If LIT maintains support above $3.45, another attempt at the $3.57 resistance level could follow. Breaking below this support area would expose the token to a pullback toward $3.29, the daily 50% Fibonacci level.
