Lighter's LIT token fell about 4.2% to $3.77 on September 30 after trading between $3.65 and $4, extending a pullback from its September surge above $5.30. The decline followed profit-taking but left LIT above an ascending trend line that began near $0.80 in May and has produced higher lows through the summer. Momentum indicators have weakened, with the Relative Strength Index (RSI) at 38.39 and the MACD line at approximately 0.085 below its 0.253 signal line. LIT remains above a $2.50-$2.80 support band, while $4, $4.50-$5 and the $5.30-$5.50 area are successive resistance zones. Bitwise introduced the Lighter Staking ETP on Deutsche Börse Xetra in the previous week, tracking the Kaiko Lighter Reference Rate. Robinhood plans to offer perpetual futures (contracts without expiry) to qualified U.S. customers, reportedly through Bitstamp, while its Wallet continues to use Lighter for qualified users in designated markets outside the United States. Cryptocurrency analyst Axel Bitblaze said the sell-off appeared excessive and noted that no official termination of Robinhood's Lighter partnership had been confirmed. Robinhood Europe offers LIT for direct trading and publicly acknowledges a financial investment in Lighter from its Series B funding round.