Litecoin Surges 18% Amidst Whale Accumulation and ETF Optimism
- Litecoin’s price increased by over 18% in the last 24 hours, reaching $120.
- Daily trading volume surged by 301%, hitting $1.68 billion.
- LTC open interest rose by 30% to $582 million.
- Whales and sharks have accumulated 250,000 LTC since January 9.
- Canary Capital submitted an S-1 application for a spot Litecoin ETF to the SEC.
The recent surge in Litecoin’s price is attributed to significant whale accumulation and optimism around a potential Litecoin ETF approval, as evidenced by increased trading volumes and open interest.
