Litecoin (LTC) has seen a significant increase in trading volumes, reaching a 233% rise amid short position liquidations. This event has attracted the attention of traders and investors.
Dramatic Increase in Litecoin Trading Volume
Litecoin trading volume surged by 233% in the past 24 hours, reaching $1.97 billion. This significant increase coincided with the liquidation of short positions, catching bearish traders off guard.
Litecoin Weekly Performance
Over the past week, Litecoin increased by 13.23%, making it the largest gainer among the top 100 cryptocurrencies by market capitalization. Currently, LTC ranks 19th, with a market capitalization of $9.43 billion.
Litecoin Achievements and Outlook
The Litecoin network has reached 340 million transactions, reflecting a growing usage amid rising ETF interest. Analysts estimate a 90% chance of approval for a Litecoin spot ETF, alongside a $100 million commitment to Litecoin.
Litecoin's liquidity continues to grow, making it appealing to traders. The prospects for an ETF approval and an active network present encouraging possibilities for LTC.
