Crypto:
36635
Bitcoin:
$92.453
% 0.82
BTC Dominance:
%58.7
% 0.13
Market Cap:
$3.14 T
% 1.16
Fear & Greed:
28 / 100
Bitcoin:
$ 92.453
BTC Dominance:
% 58.7
Market Cap:
$3.14 T

Why Litecoin (LTC) Trading Volume Is Soaring?

litecoin LTC HASHRATE

Litecoin surprised the market today with a sharp rise in trading volume. Active addresses and a record hash rate pushed LTC into the spotlight once again. 

Litecoin’s daily trading volume surged past $700 million today. This marks the highest level in nearly two weeks. Early in the day, volume jumped 76%, reflecting strong market momentum. At the same time, active addresses climbed to 269,000, confirming renewed investor interest. 

For comparison, Bitcoin recorded 181,000 active addresses during the same period. This made Litecoin one of the most actively used assets of the day. LTC is currently trading at $114.43 with a market capitalization of $8.72 billion. However, the price still stands 72% below its all-time high of $412.96. 

Analysts note that Litecoin has been consolidating within a symmetrical triangle since 2021. A breakout from this structure could send the price above $150. Meanwhile, growing market stability strengthens confidence, pushing LTC demand even higher. 

Institutional Interest and ETF Decision Fuel Momentum 

Litecoin’s momentum is not only supported by retail demand. Canadian firm Luxxfolio announced a $73 million expansion plan for its Litecoin portfolio. This institutional move highlights growing confidence in the asset. 

In addition, the SEC is set to deliver a decision on a Litecoin Spot ETF on October 2. Around the same period, a Solana Spot ETF ruling will arrive on October 10. Analysts believe these decisions could accelerate altcoin adoption as Q4, historically a strong season for crypto, begins. 

Moreover, Litecoin’s hash rate hit a new all-time high today at 3.149 PH/s. This milestone reflects miners’ commitment and trust in the network. Finally, higher mining power signals bullish momentum and adds to the increasing demand for LTC. 

Taken together, the rising trading volume, record hash rate, and growing active addresses show Litecoin’s position strengthening across the crypto market. 

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