Lighter stock price rises 16%—LIT traders, keep a close watch as the price is expected to break through the $2 mark.

According to CoinWorld, Lighter (LIT) successfully held the $1.5 support level, with its price surging 16.4% to $1.81 driven by renewed demand. The futures market is active, with open interest rising 16% to $145.7 million and a net inflow of $4.08 million, indicating buyers are in control. Whales have staked $2.3 million worth of LIT, and the team's buyback program has repurchased over 2.4 million tokens, reducing circulating supply. The altcoin's Relative Strength Index (RSI) shows a bullish crossover but remains below 50, currently at 49. The key lies in whether it can break through the $2 resistance level, which could pave the way for a move toward $2.5.