LTC News: Litecoin Surges, Flipping AVAX and SUI, Eyes $80 Target
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Litecoin has made significant gains over the past 24 hours, defying the bearish market trend and outperforming major cryptocurrencies like Bitcoin and Ethereum. With a recent price jump of over 8.50%, Litecoin has flipped Avalanche [AVAX] and Sui [SUI], sparking massive trader attention and participation. The asset's trading volume and daily active addresses have soared, indicating a potential surge towards the $80 mark.
Litecoin Flips AVAX, SUI, Eyes $80 – Market Update
Litecoin has made significant gains over the past 24 hours, defying the market's bearish trend and outperforming major assets like Bitcoin and Ethereum. With a recent jump of over 8.50%, Litecoin has flipped Avalanche [AVAX] and Sui [SUI]. The asset's trading volume and daily active addresses have soared, indicating massive trader attention and participation. Litecoin's price surge has started to trade near $131.50 at press time.
Litecoin Hits $110 & LINK Declines
This week, Litecoin's value surged above $110, driven by speculation about an upcoming ETF approval by the SEC. Conversely, LINK experienced a 12% decline, with $23.78 emerging as a key level for a potential rebound.
US SEC Acknowledges CoinShares Filing for Litecoin ETF
The US Securities and Exchange Commission has acknowledged the filing from The Nasdaq Stock market LLC on behalf of the CoinShares Litecoin ETF. The news follows the rule change proposals from February 7, when Nasdaq Stock Market LLC filed its intent to trade shares of the Litecoin ETF. The launch of the new investment vehicle is highly probable, pending one more procedural step. Litecoin, a widely adopted network with mainstream investment opportunities, is expected to benefit from a full ETF.