Litecoin Surges Past $118 on Whale Buying and ETF Hype
Litecoin surpassed $118 on September 10, driven by a surge in whale purchases and ETF buzz. The price climbed to hit $118.73.
This significant uptick makes Litecoin one of the best-performing major cryptos. The increase comes after litecoin struggled to break through the $113-$115 range multiple times.
What’s behind the spike?
- whale wallets with over 1,000 LTC added another 181,000 coins on September 9.
- Grayscale filed for a Litecoin ETF, increasing exposure to LTC.
- MEI Pharma’s rebranding to Lite Strategy further boosts LTC’s profile.
Data from Santiment shows the whale activity suggests strong market confidence. Analysts believe this is a reaction to positive news.
The ETF submission is crucial. Grayscale aims to list the Litecoin ETF on NYSE Arca. An approval would bring more investors into the LTC ecosystem.
Santiment also highlights Wall Street’s growing interest. With Litecoin as a core reserve asset, Lite Strategy’s move adds credibility. Board member Charlie lee supports this strategic shift.
these factors point to a brighter future for Litecoin.加密货币普及的乐观情绪也被猪肉圈内广泛的兴趣点燃。
