COINOTAG News reports on December 29 that The Rollup founder Andy noted, after an initial digest of token volatility, that LIT Open Interest (OI) is expected to drop by more than 20%, while trading volume could retreat by over 30%. The market is not in a bull market phase; instead, it shows a sideways, bearish bias, tempering near-term optimism for LIT investors.
Yet, even within this constrained milieu, a fully diluted valuation near $2 billion for LIT may present a calculated buy opportunity for traders with a longer horizon, provided price action and liquidity conditions align. The commentary emphasizes disciplined risk management and corroborates that the setup is more strategic than speculative.
Source: https://en.coinotag.com/breakingnews/lit-token-in-bearish-sideways-market-as-open-interest-drops-20-and-volume-30-buy-signal-at-2b-fully-diluted-valuation-says-rollup-founder-andy
