Litecoin Price Jumps 20% In 24 Hours: Why Is LTC Going Up?

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Litecoin LTC/USD has surged 20%, following news of possibly being included in a crypto index ETF and wider market optimism around altcoins.

CryptocurrencyPrice    Market Cap24-Hour Trend7-Day Trend
Litecoin LTC/USD$121.50$9.14 Billion+20%+24.5%
XRP XRP/USD$2.39$135.8 Billion+24.7%+61.7%
Hedera HBAR/USD$0.2374$9.25 Billion+23%+68.5%

Trader Notes: Pseudonymous trader CryptoBullet on Sunday highlighted Litecoin’s attempt to break out, identifying the $233–$280 range as the next significant target zone.

Veteran trader Peter Brandt speculated on whether Litecoin could "pull another XRP," referencing its potential to gain dominance in a competitive market.

Another analyst described Litecoin as the “best version of the white paper,” emphasizing its strong fundamentals and potential for substantial growth.

Community News: The Litecoin Foundation reported that Litecoin is the top cryptocurrency for payments on BitPay over the past six months, ahead of Bitcoin and Ethereum.

The Litecoin Foundation noted on its X account that the altcoin is top crypto of choice for payments based on Bitpay transactions for the last six months. BTC and ETH are second and third.

A recent proposal by Hashdex Nasdaq Crypto Index U.S. ETF includes Litecoin among the assets eligible for inclusion, further boosting investor confidence.

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Image: Shutterstock

Got Questions? Ask
Which crypto ETFs could include Litecoin next?
How will Litecoin's payment dominance impact competitors?
Could investor confidence lead to more altcoin rallies?
Which altcoins might follow Litecoin's price surge?
What potential does Litecoin have against Bitcoin and Ethereum?
How might Hashdex's proposal affect crypto investments?
Will Litecoin's fundamentals attract institutional investors?
Which trading strategies can capitalize on Litecoin's growth?
How does Litecoin's performance influence the broader market?
Which exchanges will benefit from increased Litecoin trading?
Market News and Data brought to you by Benzinga APIs

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