Lighter’s LIT jumps 12% to $1.19 as derivatives interest climbs toward channel resistance

Lighter’s LIT token gained over 12% to $1.19 in the past 24 hours, with trading volume up 55% and price rebounding from support near $1.00. The altcoin is now retesting resistance around the midline of its multi-week descending channel, while Open Interest has risen 7.44% to about $167.48 million. On Binance, roughly 72.38% of top-trader positions are long, pushing the Long/Short Ratio to 2.62 as market participants position for potential continued upside and volatility.