Bitcoin Spin-Off Litecoin, ‘Ethereum Killer’ Avalanche Weather Crypto Meltdown, Here’s Why LTC, AVAX Are Spiking
Posted On February 27, 2025
Litecoin and Avalanche both traded in the green Wednesday, defying the blood-soaked charts of other established coins.
What happened: LTC rose 2.85% in the last 24 hours, while its trading volume zoomed 34% to $1.94 billion.
The coin, created from the hard fork of Bitcoin (CRYPTO: BTC), surged to an intraday high of $128.14 earlier in the day before retracing to $122.
While there was no specific trigger for the rally, traders may be pricing in a high probability of a Litecoin spot exchange-traded fund approval this year. In the last few weeks, the SEC has acknowledged spot ETF filings by Grayscale, …
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