Litecoin hits eight-month high above $68 as ETF inflows firm
- —LTC trades near $68.47, an eight-month high, up 40% this month
- —LTC futures open interest rose 12% to $610.9 million in 24 hours
- —Canary Capital's Litecoin ETF saw $402,140 in inflows this month vs $239,030 outflows in August
- —RSI at 80 signals overbought conditions
Why it matters: Grayscale's amended S-3 filing to convert its Litecoin Trust into a spot ETF and rising open interest support demand, though the overbought RSI flags correction risk.
Source: FXStreet Crypto