Litecoin's open interest has seen a mild increase over the past 24 hours, surpassing Bitcoin's figures, attracting attention amid a broader digital currency decline.
Litecoin Open Interest Data
According to CoinGlass data, Litecoin's open interest jumped by 1.4% in the past 24 hours to 5.46 million LTC, worth $448.71 million. Despite price declines, the rise in open interest indicates renewed bullish sentiment among LTC investors.
LTC Back in Spotlight
Last week, as reported by U.Today, whales traded over 107 million LTC in a single day, highlighting confidence in Litecoin's long-term outlook despite current market conditions.
Growth Prospects for Litecoin
The potential Litecoin ETF product, with high approval odds, also presents a positive future outlook for the digital currency.
Despite market volatility, Litecoin shows stable growth in open interest, which could trigger its recovery and further growth.
