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Lighter (LIT) rises 16% on U.S. licensing hopes despite uncertain CFTC approval timeline

Market News
01 Nov 2026, 16:00 WIB
AMBCrypto
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Bullish
Lighter (LIT) rises 16% on U.S. licensing hopes despite uncertain CFTC approval timeline

Lighter (LIT) surged 16% to around $3.18 following renewed optimism about its plans to file for U.S. Commodity Futures Trading Commission (CFTC) licenses in November. The altcoin aims to become the first fully regulated on-chain perpetual futures decentralized exchange in the U.S., but the approval process could extend into mid-2027 and remains uncertain. Whale withdrawals and negative net outflows from exchanges suggest accumulation, potentially reducing selling pressure. Key momentum indicators show improving but cautious bullish signals, with LIT needing to hold above $3 to target higher levels near $3.5 and $3.9.

Lighter (LIT) surged 16% amid news of its upcoming CFTC filing plans. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 01, 2026 21:01 WIB: out of 50 major cryptocurrencies, 32 rose and 17 fell. Notable gainers include YFI (Yearn) at Rp36.800.185 with an 8.18% increase and 100% buy order activity, EOS (EOS.IO) up 8.13% at Rp12.649, and BAT (Basic Attention Token) rising 4.61% to Rp2.535 with 99% buy orders.

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