Lighter crypto rallies 20% as Upbit and CFTC catalysts lift price – Can LIT reach $4?

Lighter [LIT] spent most of August compressing between $2.00 and $2.45, quietly absorbing supply before the breakout.

That compression continued to absorb excess supply beneath the supply ceiling until it ended when the price cleared $2.80, peaked at $2.99, and briefly fell back to $2.60.

Bulls regained control and pushed the price higher, breaking through $3.00 and entering a new steep expansion upward to $3.7760.

At press time, the altcoin was up 20% in the last 24 hours, extending its weekly gain to 52%. Momentum confirmed the acceleration, as the MACD remained positive and its histogram recorded the widest spread in the period.

Meanwhile, RSI reached 77.81, placing the price firmly within overbought conditions. Volume also rose during both breakout legs, although the latest candles attracted less participation than the initial push.

After clearing its former range, LIT now faces supply at $3.77, where the latest impulse stalled. Absorbing that pressure would extend price discovery toward $4.00, while $3.20–$3.30 continues anchoring the breakout.

Together, this simply defines a strong but extended structure for the altcoin, with momentum expanding faster than fresh volume.

CFTC role and Upbit listing fuel LIT’s rally