The LIT token rebounded to $2.85 on October 22 before retreating to $3.66 after being rejected near the $4 resistance level. The recovery can only be confirmed above $4 with sustained volume, while a drop toward $3.40-$3.50 would threaten the rebound and could send LIT back to $2.85. Lighter plans to file with the CFTC for licenses covering perpetual futures and options, following $17 billion in monthly trading volume through its Robinhood Chain partnership. Open interest reached $1.64 billion in the third quarter, while the protocol generated approximately $2.8 million in revenue over 30 days, almost all of which was used to buy back LIT tokens.
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