LIT sees strong institutional inflows and bullish trader positioning, eyeing $3.00 if $2.23 support holds.

Lighter (LIT) experienced significant institutional inflows, with one institution depositing 3.35 million LIT worth about $7.83 million after withdrawing from exchanges like OKX and Bitstamp. Despite positive spot net inflows of around $609.78K, selling pressure remains a risk if spot buyers don't increase. Binance top traders show strong bullish sentiment with 70.1% long positions, supporting the price outlook. LIT is currently trading near $2.30, holding above a key support at $2.23; a move above $2.431 resistance could push prices toward $3.00, but losing support may weaken the breakout structure.