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Lighter (LIT) rallies 3.68% after burning 15.6M tokens, but bearish signals suggest cautious trading ahead.

Technical Signals
11 Jul 2026
AMBCrypto
View Source
Bullish
pluang ai news

Lighter (LIT) token rose 3.68% in 24 hours following a large burn of 15.6 million tokens worth $42 million, reducing supply by 6.3%. Despite a recent 13% price dip, LIT bounced back to $2.60, showing strong demand. However, technical analysis reveals a bearish divergence warning of a possible pullback, with traders advised to watch the $2.31-$2.68 range for a breakout or breakdown before making moves. The token’s momentum remains bullish but cautious trading is recommended.

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