Lighter (LIT) Plummets to New All-Time Low After Breaching $1 Support

The Lighter (LIT) cryptocurrency has experienced a significant technical breakdown, falling below the critical $1 psychological support level. This breach triggered a sharp 10% sell-off, pushing the token into uncharted bearish territory. According to market data, LIT reached a new all-time low (ATL) of $0.91 during the latest trading sessions. The move below the dollar parity mark is seen as a major blow to investor confidence and project sentiment. Technical analysts suggest that breaking such a key support level often leads to further capitulation among retail holders. As the token enters price discovery at record lows, the market remains cautious about potential further downside risks in the near term.

Sources:ambcrypto.commexc.coainvest.comcoinmarketcap.com