Litecoin (LTC) spikes as Bitcoin hits $30k
Litecoin price jumped 4% to above $64 on Friday morning. LTC was up as positive sentiment permeated the altcoin market amid Bitcoin’s rally to $30k. Litecoin ( LTC ) rose more than 4% early on Friday amid a positive reaction across the a LTC oin market to Bitcoin’s fresh spike to $30k. LTC traded to intraday highs of $64 across major exchanges, with daily trading volume hitting $370 million as buyers pushed the total crypto market cap to over $1.17 trillion. Why is Litecoin price up today? Although a bullish picture has looked increasingly possible with metrics such as Litecoin hashrate jumping to new highs, one of the likely catalysts could be the increased crowd noise on the probability of a spot Bitcoin ETF hitting the market sooner than anticipated. Recent developments involving potential ETF issuers and the US Securities and Exchange Commission (SEC) have added to the growing belief that the first spot ETF is a matter of when ...