$LIT – Decentralized Identity and Protocol Buybacks are Fueling the Rally! 🆔🚀
Litentry ($LIT) is showing exceptional strength today, trading at 2.62. Technically, the price has successfully reclaimed the $2.50 support level, turning it into a solid floor for the next leg up. On the 4H chart, we see a "Bullish Engulfing" candle followed by steady consolidation, with the RSI trending toward the 65 level. This indicates that the bulls are preparing to challenge the immediate resistance at $3.15.
The 2026 fundamentals are driving this narrative:
Protocol Revenue Buybacks: As of early January 2026, the Lighter protocol (leveraging LIT) has initiated aggressive token buybacks using exchange revenue. Recent reports show over 180,000 LIT purchased from the open market, creating a massive supply squeeze.
Coinbase Listing Roadmap: LIT has been officially added to the Coinbase "Listing Roadmap" this week. This news has triggered intense whale accumulation, with large wallets absorbing millions in USDC value to secure positions before the full listing.
DID Ecosystem Expansion: Litentry's Decentralized Identity (DID) aggregation protocol is seeing record adoption as cross-chain reputation and credit calculation become essential for the 2026 DeFi landscape.
Buy Zone: $2.50 – $2.65
Targets: $3.25 | $4.50
Stop-Loss: $2.20
The combination of institutional interest and a deflationary buyback mechanism makes $LIT a top-tier asset to watch this month. Watch for a break above $2.85 to confirm the parabolic move! 📈🔥
