Lighter (LIT) Price: Jumps 6% as CFTC Filing Plans Take Shape

TLDR Lighter (LIT) trades near $3.13, well below its September peak above $5. The $3.00-$3.10 area is the key support, with $3.50 the level to reclaim. Founder Vladimir Novakovski says Lighter plans to apply for CFTC registrations in November. Lighter has repurchased about $33.2 million of LIT since January. Team and investor vesting begins Dec. 27, with only about 250 million of 1 billion LIT circulating. Lighter (LIT) is trading around $3.13 on the Nov. 2 daily chart. The token is well below its September peak above $5 after a volatile October. LIT opened near $3.16 and reached about $3.25. It fell as low as $3.10 before settling near $3.13. CoinGecko reported that $LIT rose 6.3% as Lighter prepares to apply for CFTC licenses this month.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.