
LTC Price Explodes 11% with Litecoin Claiming 2nd Spot in Crypto Payments
Up over 40% in a month and 11% in a day, LTC now ranks as the second most-used crypto for payments, behind only Bitcoin.
1H
-0.49%$0.5938
24H
-1.73%$2.12
7D
-1.02%$1.24
30D
24.3%$23.57
Up over 40% in a month and 11% in a day, LTC now ranks as the second most-used crypto for payments, behind only Bitcoin.
Despite trading sideways near $86, Litecoin is drawing institutional accumulation and whale activity, with analysts eyeing $200.
The SEC’s announcement to postpone a decision on the Canary Funds Litecoin ETF led to a 6% drop in LTC price, which is now trading at $82.38.
The price of Litecoin rose 5% ahead of an anticipated US SEC decision on the Canary Capital spot ETF proposal.
Litecoin and Solana might see their spot exchange-traded products enter the US market earlier than most of the anticipated XRP ETFs.
Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network. These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.
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