Litecoin Surges 10% Bucking Bitcoin, Ethereum Drop: Awaits Spot ETF Approval

Litecoin (CRYPTO: LTC) rallied by double digits on Thursday, defying the broader cryptocurrency pullback.

Litecoin Pips Blue-Chip Cryptos

The proof-of-work cryptocurrency popped over 10% to $131, the highest it has been in nearly eight months. Its trading volume exploded 143% to $1.66 billion, making it one of the most transacted tokens in the last 24 hours.

LTC overshadowed market heavyweights such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which corrected 0.52% and 1.87%, respectively. 

LTC’s speculative market erupted, with open interest in the coin’s futures rising 25% to $1.21 billion, according to Coinglass.

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