Lighter gains 16% as CFTC filing nears – But LIT still needs…
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Lighter [LIT] showed strong bullish pressure over the past three days. Since defending $2.5, the altcoin has continued to close higher. It flipped the $3 resistance level and rose to a local high of $3.2. At writing, Lighter traded around $3.18, up 16% on the daily charts. Over the same period, its Market Cap rose 17% to nearly $800 million, tracking the price recovery. Why is Lighter rising ahead of November? Lighter [LIT] found its footing three days ago amid renewed interest in Lighter’s U.S. licensing plans. Lighter said it would file with the Commodity Futures Trading Commission (CFTC) in November. It planned to seek Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) licenses. Both approvals would be needed to operate its proposed fully regulated perpetual futures venue.
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