Driven by continuous buybacks and a long-term locking plan by the project team, LIT has recently broken above the $1.13 resistance, with both trading volume and leveraged long positions rising simultaneously, signaling evident capital inflow. In the mid-term, attention should be focused on the liquidity incentive effects within the $1.00–$1.05 range and the transmission of macro risk events. Over the long term, substantial token locks effectively tighten selling pressure and strengthen supply-demand structural advantages. It is recommended to monitor core support zones during pullbacks, prioritize medium to long-term allocations, track trading and buyback rhythms, and be cautious of short-term pullbacks due to overbought risks.

Since the end of March, the project team has continuously bought back and locked up 4% of the circulating LIT, forming a clear buying gap. Meanwhile, the launch of the Telegram leveraged trading feature has boosted user activity and trading demand in parallel. The daily chart shows that the price quickly climbed from the $0.94 low on March 22 to a high of $1.23 on April 11, with a cumulative increase of over 30%. Supported by increased trading volume, the price now approaches the 200-day exponential moving average resistance, and short-term sentiment remains optimistic; however, extension of this trend depends on further trading volume and whether the moving average resistance can be broken.

Lighter perpetual DEX, backed by Peter Thiel, accelerated its buyback of $LIT tokens, locking 10 million (4% of circulating supply) by April 8. This aggressive buyback, combined with a recent Telegram integration enabling leveraged trading, fueled a 40% surge in $LIT's price since late March. Despite increased user registrations and revenue, open interest showed slight gains. The rally faces resistance at the 200-EMA, with further gains dependent on overcoming this level.

Buybacks and Telegram fuel LIT’s 40% surge, but can the rally extend itself?

On April 10, a leveraged purchase of 2.5 million LIT triggered a short-term spike, with trading volume surging to the 6 million level that day and pushing the price temporarily to $1.1869. At the same time, overall open interest in the market steadily recovered, with some whales and well-known traders increasing their LIT long positions in their portfolios. Technically, the price successfully surpassed the $1.00 mark and tested the $1.13 resistance. The RSI indicator is now near overbought levels, suggesting increasing volatility risks in the short term. However, with steady capital inflows, another round of upward movement remains possible under a continued bullish mid-term outlook.

Lighter ($LIT) surged over 12% driven by a whale's 2.5 million token leveraged purchase, increased DEX sector interest, and short liquidations. The price broke above $1, approaching a key resistance at $1.13, with potential to reach $1.18. Despite profit-taking and some liquidation risks near $1, bullish momentum remains supported by rising open interest and social media mentions, leaving $LIT's ability to sustain gains under watch.

Lighter up 12% after 2.5M buy: Can LIT stay above $1?

Trader Loracle has increased their 7x leveraged CL short position to $19.76 million and added a 5x leveraged TON long position. They also hold long positions in BTC, NEAR, LIT, TAO, PAXG, and ENA, with a total value exceeding $47.17 million.

Trader Loracle increased short positions on CL to $19.76 million, with total long positions exceeding $47.17 million.

Global risk assets have shown repeated fluctuations amid easing geopolitical risk and hawkish signals from the Fed, while persistently high oil prices continue to add inflation pressure. The market's risk aversion and appetite alternate accordingly. Lighter DEX has launched a $250,000 weekly liquidity incentive program, focusing on attracting RWA trading in commodities, stocks, and more, which positively impacts platform depth and investor allocation. However, Hyperliquid still offers about twice the liquidity of its peers, presenting notable competitive pressure. The price is retracing and consolidating within the $1.00–$1.05 range; thus, it’s necessary to monitor the impact of liquidity incentives and macro risk events on prices.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

Lighter DEX launched a $250K weekly liquidity partner program to boost liquidity in its real-world asset (RWA) tokenized markets, focusing on commodities like oil, gold, and silver, as well as top stocks. Despite this, Hyperliquid currently offers double the RWA liquidity. Lighter saw recent capital inflows and a 40% surge in its native token $LIT, which remains above $1, with potential for a 30% gain if support holds.

How Lighter DEX targets RWA liquidity gap with $250K weekly incentives

The 55.8 million LIT allocated to Dragonfly is expected to be locked for one year, and even after TGE, tokens will be released in stages and won't be tradable until after December 2026. This move will effectively reduce available market supply and mitigate the risk of large-scale sell-offs in the future. Combined with the project's ongoing buyback plan and leveraged trading mechanism, the locking arrangement provides solid medium- to long-term value support, serving as a robust foundation for future market performance.

Litentry

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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