Profit Drops for LIT Whale After Closing Long Position

TheNewsCryptoPublished on 2026-01-05Last updated on 2026-01-05

Abstract

A whale wallet recently closed a long position on LIT, incurring a loss of $767,403. This caused its overall profit to drop significantly from $3 million to $420k. The closure occurred despite LIT's recent price increase, currently trading at $2.72 with a 6.73% surge in the last 24 hours. Although LIT reached an all-time high of $4.04 on December 30, 2025, it has since declined by 32.63%. Forecasts for early 2026 predict a price correction, with LIT dropping to around $2.17 in the next month before rebounding to $2.21 in three months. Despite short-term bearish predictions, long-term sentiment remains bullish, with expectations for LIT to reach $5.31 by the end of 2026.

A whale wallet recently closed their long position on LIT, but faced significant loss in the process. Overall profit has dropped as well. The development notably comes at a time when Lighter tokens are marking upticks in their values and recorded an ATH a few days ago.

Whale Faces Loss Closing LIT Position

A whale wallet reportedly recorded a loss of $767,403 after closing the long position on LIT. Acquired at a 1x leverage, the 1.6-year dormant wallet has also recorded a drop in profit from $3 million to $420k.

The development within a week from increasing the long position in the token. The position was valued at around $3.59 million with a floating loss of more than $1.26 million. Simultaneously, the whale wallet was able to close a short position in ASTER with a profit of $537k before that transaction.

LIT Price Rally

Anticipations around LIT price rally gained momentum when another whale wallet deposited USDC to expand LIT holdings. Lighter tokens were trading at $2.69 at that time, but are now up to $2.72 with a surge of 6.73% over the last 24 hours. It further represents a jump of 2.3% in the last 7 days.

LIT recorded an ATL of $2.30 on December 30, 2025, and is now up by 18.47% from that value. It noted an ATH of $4.04 on the same date, but has now declined by 32.63%. Interestingly, LIT has 1 billion in total supply but has only 250 million in circulation.

LIT in 2026

The early 3 months of 2026 are forecasted to see a price correction for LIT. The token could go as low as $2.17 in the next 1 month and rebound to $2.21 as it completes the 3-month cycle from this point. The 1 month decline comes to around 20.89% from the current value. Similarly, the 3-month plunge comes to approximately 19.45%.

Its support and resistance margins are yet to be defined, but overall sentiments remain bullish with the neutral 14-Day RSI of 38 points and the FGI of 26 points. The trajectory drawn to this point, based on market conditions, expects LIT to start reclaiming its highs from September 2026. A walk on the chart could pave the way to $5.31 by the end of 2026.

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Related Questions

QWhat was the amount of loss the whale faced after closing their long position on LIT?

AThe whale faced a loss of $767,403 after closing their long position on LIT.

QHow much did the whale's overall profit drop after closing the LIT position?

AThe whale's overall profit dropped from $3 million to $420,000.

QWhat was the All-Time High (ATH) price of LIT and how much has it declined from that value?

AThe All-Time High (ATH) price of LIT was $4.04, and it has now declined by 32.63% from that value.

QWhat is the forecasted price range for LIT over the next 3 months according to the article?

AThe article forecasts that LIT could drop to as low as $2.17 in the next month and rebound to $2.21 by the 3-month mark.

QWhat is the long-term price target for LIT by the end of 2026, as mentioned in the article?

AThe long-term price target for LIT by the end of 2026 is $5.31.

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