Markets· ★★★· bullish·

Litecoin Jumps 7% to 8-Month High, Defying Altcoin Correction

  • —LTC gained over 7% in 24 hours, with intraday gains reaching 13%
  • —Price is up about 70% from its May low, an 8-month high
  • —Open interest in LTC futures rose 12% in 24 hours
  • —About $170,000 in shorts liquidated on Binance, Bybit and OKX in one hour
Why it matters: Litecoin's relative strength amid a broader altcoin pullback is being fueled by anticipation of Grayscale's spot ETF filing with the SEC in September.
#LTC
Source: BTC-ECHO
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