LIT, ZEC, and RAIN Break Multi‑Month Highs, Target 1.618 Fibonacci Levels

Lighter (LIT), Zcash (ZEC) and Rain (RAIN) have all broken above multi‑month highs, converting those levels into support and setting 1.618 Fibonacci extensions as the next price objectives for the weekend.

Lighter (LIT) Extends Breakout

LIT trades around $3.46 with a market cap of $865 million. The token gained roughly 25 % in the past week and 57 % over the past month. After a breakout above $2.76 on Aug 21 – a level not seen since January – LIT cleared the 1.272 extension at $3.30 and now aims for the 1.618 extension near $3.98, about 15 % above spot. The broken $2.76 level serves as immediate support, reinforced by an ascending trendline from mid‑May. Deeper support lies at the long‑term 0.618 retracement around $2.00. Volume rose on each upward leg, and RSI cooled from near‑overbought levels to just under 70 without a bearish divergence.

Zcash (ZEC) Holds Near $800

ZEC is priced near $806 and carries a $13.6 billion market cap. It has risen roughly 75 % in the last 30 days, extending a rally that began earlier this year. After breaking above $749.65, ZEC reached the 1.272 extension at $903 before pulling back to hold above the breakout level. The next target is the 1.618 extension around $1,099, roughly 37 % above current prices. Support is stacked at the prior high $749.65, followed by the 0.786 retracement at $628.63, which aligns with the 20‑day moving average. Bollinger Bands have widened, indicating heightened volatility, while RSI remains near 70 without bearish divergence. A newly listed Grayscale ZEC product adds a fundamental catalyst.

Rain (RAIN) Sets Record High

RAIN trades near $0.01763 with a $12.35 billion market cap. Its record high of $0.019464 was reached on Aug 25. The price formed a tight accumulation base between $0.0121 and $0.0130, anchored on the 0.618 retracement at $0.01259, before breaking out. The Aug 26 candle cleared $0.01624 and moved into the 1.272 extension at $0.01884; the 1.618 extension now sits at $0.02214, about 27 % higher. Support levels are the broken $0.01624 high, then $0.01420, and the accumulation shelf at $0.01259. RSI trades above 70 with no bearish divergence, suggesting continued momentum. A structural risk is the large circulating supply (≈709 billion of a 1.15 trillion max), which could affect price if further unlocks occur.