The $LIT Log - Issue #001

One coin. One year. Let’s see what happens.

It’s a beautiful Saturday morning!

Well, a beautiful one, depending on what side of the trend you’re on

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📍 The View

Good news, “ugly” chart

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📊 The Numbers

  • Price: $3.037 as of the moment of writing, down 24% from its top at $3.98 on Wednesday the 21st

  • Resistance ~ $3.98

  • Support ~ $2.83

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📰 The News

  • Lighter plans to file for a CFTC derivatives license in November. A license would let it serve many more traders

  • It’s also reportedly considering an integration with Robinhood’s U.S. platform. Think of a small shop getting a shelf inside the biggest supermarket in town

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🗓️ Unlock Countdown: 64 Days

  • On December 27, insiders’ locked coins start to come out

  • After that, new supply arrives about 5.4 times faster than the buyback and burn removes it

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I don’t control the market; I only control my actions. I focus on the process; the outcome takes care of itself. My job isn’t to predict, but to observe, be patient, and act decisively when an opportunity presents itself.

Jovanni @jovanni