The price of Litecoin (LTC) jumped over 4% on Friday, exceeding $64 as the broader crypto market saw renewed optimism. LTC rallied alongside Bitcoin breaching $30,000, with trading volumes on major exchanges reaching $370 million.
Keypoints
- Litecoin (LTC) price jumped over 4% on Friday to above $64 amid positive sentiment as Bitcoin rose back above $30k.
- LTC trading volume hit $370 million as the crypto market cap exceeded $1.17 trillion.
- Potential catalysts include growing optimism around a Bitcoin spot ETF and the SEC dropping charges against Ripple executives.
- Litecoin hashrate reaching new highs and bullish on-chain metrics have also set the stage for further gains.
- If upward momentum continues, LTC could retest the psychological $100 level and hit new 2023 highs.
- On-chain data shows Litecoin long-term holder inflows have spiked to 2-year highs since early October.
- This suggests long-term investors are accumulating…
