Litecoin (LTC) Rockets 233% in Volumes With Shorts Rekt: Details

Key Points

1. Litecoin's trading volume surged 233% in 24 hours, with its price rising over 13% to $129 in a three-day surge from a low of $104.

2. LTC became the largest weekly gainer among the top 100 cryptocurrencies, with a 13.23% increase over seven days, and reentered the top 20 with a market cap of $9.43 billion.

3. $3.89 million in short positions were liquidated in 24 hours, fueling LTC's price gain as forced buybacks accelerated.

4. The Litecoin Network completed its 340 millionth transaction, marking a milestone in its transaction history.

5. Speculation about a spot ETF for Litecoin is growing, with Bloomberg analysts estimating a 90% chance of approval due to its commodity classification.