Litecoin (CRYPTO: LTC) bumped to a five-month high Monday, buoyed by prospects for its spot exchange-traded fund approval.
LTC Breaks $121
The proof-of-work cryptocurrency popped over 9% to sail past $121, the highest it has been since early March. As of this writing, LTC was the market’s third-biggest gainer in the last 24 hours.
The coin’s trading volume skyrocketed 168% to $1.68 billion, reflecting high trader interest and liquidity.
LTC’s spike overshadowed the more popular coins such as Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE), which gained 0.02% and 3.78%, respectively.
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