Trading King

06/24 05:22

Lighter down 11% as Spot volume drops 3x - Can LIT

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Lighter down 11% as Spot volume drops 3x - Can LIT's price recover?Lighter [$LIT] is down more than 11% in the past 24 hours when gauging its price movement from the day's peak to the low. $LIT crashed from $1.663 to $1.4725 with daily sell volume increasing by 20%. The decline follows a healthy price surge in the past two days. The two-day rally was equivalent to a 50% retracement from the most recent price range where the lower high is at $1.90 and a lower low is at $1.50. Here is why the token is trading in a downtrend and if it can recover: Low trading activity of $LIT token fuels price decline Lighter's price decline was fueled by low trading activity. Blockworks reported that the number of Daily Active Traders has reduced by 50% over the past week. Numerically, this figure declined from 15,411 to 7,972 and seems to be continuing with this trend. Source: Blockworks On the 17th of June, the Spot volume was at $1.738 billion but now trades at slightly above $531 million. This represents a more than 3x decrease over the same period. Again, $LIT's Spot volume hit a monthly low of $182 million the previous day. This is about 10x below the peak volume seen in the past week, indicating extremely low trading activity

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