Lighter [LIT] has plummeted to a new all-time low of $0.91, continuing its downward trajectory after failing to maintain the $1 support level. The altcoin has experienced a 17% decline over the past week, with a 10.19% drop in the last 24 hours, reflecting intense bearish pressure. The market has seen a significant shift as sellers dominate, with their activity peaking at 4 million, while buyer dominance has dwindled to zero. On the derivatives front, Lighter's Open Interest has decreased from $193 million to $140 million, indicating a $54 million reduction as traders exit positions in anticipation of further losses. The Relative Strength Index (RSI) has fallen to 32, nearing oversold territory, suggesting continued downside risk unless LIT can reclaim the $1 level.