$LTC
Litecoin txs surge 243% in 5 months amid ETF hype
The price of Litecoin spiked more than 8% as Canary’s spot Litecoin ETF made a move to prepare for its potential approval.
Daily transactions on the Litecoin network have hit $9.6 billion per day as exchange-traded fund issuers have been making moves to list their proposed Litecoin ETFs in the United States.
Litecoin had around $2.8 billion in daily transaction volume in late August so current levels represent a surge of 243% in five months. Additionally, LTC prices have doubled since early November, outpacing the broader crypto market, which has seen gains of 42% over the same period.
LTC prices spiked around 8.5% in response to the DTCC listing, climbing from an intraday low of $127 to $138 before a slight pullback on Feb. 21.