Litecoin Jumps 8% to $71 as Network Activity and Volumes Surge
- —LTC gained 8% to ~$71, its highest since January, as BTC dropped 3%
- —Over $1 billion, or 17 million LTC, moved across the Litecoin network in 24 hours
- —Spot trading volume nearly tripled since Sept. 18 to about $948 million
- —Litecoin futures open interest topped $500 million
Why it matters: LTC is outperforming a weak market on rising network usage and anticipation of Grayscale's spot ETF conversion, which could draw speculative capital.
Source: Newsbit