Litecoin jumps 13% to $70, hitting an eight-month high
- —LTC gained over 13% in 24 hours, breaking above $70 for the first time since January
- —Monthly gain of about 38% is its best since November 2024
- —More than $1 billion (17 million LTC) moved on-chain on September 22 across ~158,500 transactions
- —Futures open interest rose 26% to $658 million; spot volume reached $948 million
Why it matters: The rally is driven by futures and spot flows amid Grayscale's bid to convert its LTCN trust into an NYSE Arca ETF, though LTC remains down 33% year-to-date.
Source: BitcoinBázis