Lighter [LIT] has recovered from a drop to $3.6, regained the $4 level, and reached a local maximum of $4.1, indicating a possible trend reversal. The altcoin faced significant pressure after Robinhood chose Bitstamp for perpetual futures in the U.S., but market tension has gradually eased. Vlad Tenev clarified the decision in favor of Bitstamp, stating that it complies with regulatory requirements for the U.S. market. This reduced pessimism, and the X-account Pinedegen noted that Lighter remains part of Robinhood's overall vision.
The improvement in market tone has given LIT new support: the altcoin bounced back, regained the $4 mark, and reached $4.1. At the time of publication, Lighter was trading around $4.05, gaining 8.4% over the day. The spot volume, however, dropped by 29% – the market has clearly slowed down. Capital movement behaved differently: after two days of significant outflows, including a drop of $9 million, inflows reversed. On October 1, Lighter Xyz attracted $14 million in net inflows, with an additional $7 million the day before. The increase in protocol inflows indicates fresh demand for the network and its native token.
The volume of perpetual contract trading rose above $2 billion, reaching $2.4 billion – prior to this, the figure had fallen to $1.2 billion. On Binance, the volume of LIT purchases in perpetual contracts was 3.08 million, slightly exceeding sales at 3.05 million. An analysis of Lighter's structure shows that the token is once again trying to show growth: the Stoch indicator formed a bullish crossover, rising to 23 after a sharp multi-day decline. LIT also surpassed the 50-day EMA at $3.9, signaling a recovery of short-term upward pressure. To confirm the reversal, the token needs to close the day above the 20-day EMA – this would open the path to levels above $5.
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