Lighter Updates Tokenomics: Permanently Burns 15.5 Million LIT
- Burn Mechanism Change: Lighter will permanently burn 15.5 million LIT, representing approximately 6.3% of the current circulating supply, shifting the tokenomics from treasury-held repurchases to explicit supply reduction, enhancing market transparency.
- Buyback and Burn: Future repurchases will be burned directly rather than held in treasury, with all trading fees directed towards programmatic buybacks and burns, ensuring LIT's competitiveness in the on-chain perpetual market and improving predictability of token demand.
- Staking Yield Target Adjustment: The staking yield target has been adjusted to 6%, with staking rewards no longer funded by trading fees, validating the direct link between trading income and buyback activities, thereby boosting market confidence in LIT.
- Market Reaction and New Channels: LIT has rallied following Lighter's burn shift, and the integration with Robinhood Wallet provides a new distribution channel for eligible users, further enhancing LIT's market performance and liquidity.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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