Lighter (LIT) is currently priced at $2.79, experiencing a 24-hour change of 2.50%. The daily trading range has been between $2.73 and $7.86, indicating significant volatility within this period, with a total volume of 256,677 representing only 0.01% of the market cap.

The 1-hour and 7-day Relative Strength Index (RSI) are both at 100, suggesting the asset is overbought in the short to medium term. Given this extreme overbought condition, coupled with a recent high of $7.86, there may be a correction looming as the price could struggle to maintain upward momentum.

With the current price significantly below the all-time high of $7.86, there remains room for potential recovery if market conditions improve. However, the current price action and volume suggest a lack of sustained buying interest at this level, which could result in downward pressure.

Considering the technical indicators and recent price movements, the recommendation for Lighter (LIT) is to Hold. While there is potential for recovery toward the all-time high, the immediate overbought conditions may lead to a price pullback in the short term.