Lighter begins buyback; LIT rallies 18% as indicators show buying support

Beincrypto reports Lighter initiated its promised buyback on January 6, a move that coincided with an 18.3% rally in the LIT token over 24 hours.

The team announced the program on social media and shared a direct link to its treasury wallet, which held roughly 180,733 LIT valued at $564,609 at the time. LIT’s recent surge came alongside improving market risk appetite and internal network developments, and the project said on December 30 that revenues from its DEX and future products can be tracked on-chain and will be allocated between growth and buybacks depending on market conditions.

Capital-flow indicators show strengthening inflows: the Chaikin Money Flow improved after a bearish divergence on January 1 led to a pullback the following day, and outflows have declined over the last 48 hours. The Money Flow Index sits above the neutral threshold but below the 80 overbought mark, signaling buying pressure without saturation. LIT was trading near $3.11 at the time of writing; a daily close above $3.19 would be needed to confirm a breakout, while a return of selling pressure could push the price back below $2.97 toward $2.77 and invalidate the bullish case.

Key Topics

Crypto, Lighter, Lit Token, Buyback Program, Treasury Wallet, Chaikin Money Flow