Lighter (LIT) Fights Off Post-Listing Sell Pressure — What’s Next for Price?
LIT token shows early buying strength despite post-listing selling, evidenced by bullish divergences in money flow indicators.Summary
The Lighter (LIT) token is stabilizing around $2.73 after its launch, showing better-than-expected resilience against initial sell pressure from airdropped tokens. Technical indicators like Chaikin Money Flow (CMF) and Money Flow Index (MFI) show bullish divergences, suggesting large buyers are absorbing supply during price dips, which is further supported by whale wallets accumulating LIT. However, confirmation is needed; while LIT holds above the 15-minute VWAP (around $2.62), the On-Balance Volume (OBV) remains capped under a descending trendline, indicating a lack of strong volume conviction for an upside move. Key support levels to defend are $2.62 and $2.48; breaking above $3.08 with confirmed OBV strength could signal a trend shift toward targets of $3.25 and $3.72. If $2.48 breaks, downside targets include $2.38 and $2.07.
(Source：BeInCrypto)