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Home/News Feed/LIT token drops 20% after hitting resistance but holds key support with traders still bullish.
LIT
Rp12,161
+Rp197 +1.64%

LIT token drops 20% after hitting resistance but holds key support with traders still bullish.

Technical Signals
05 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

LIT token experienced a sharp 20% drop after failing to break the $1.80 resistance, falling to around $1.38. Despite the sell-off and reduced trading volume, Binance top traders remain bullish, with a strong majority holding long positions. The token is currently holding above a critical breakout support level, suggesting a possible rebound toward $1.60 if buyers defend this zone. However, a break below $1.38 could lead to further declines toward $1.12.

More News (LIT)

Lighter protocol surges 19% on plans to enter the $100B US perpetuals market amid rising trading activity.

Lighter protocol surges 19% on plans to enter the $100B US perpetuals market amid rising trading activity.

Lighter (LIT), a decentralized perpetuals trading protocol, rose 19% to a new high of $1.62 after its CEO confirmed plans to enter the US perpetuals market, a $100 billion opportunity. The company is pursuing regulatory licensing and maintaining a pr...

Market News
Bullish
2 days ago
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