- Litecoin’s LTC sees a 7-day high, buoyed by CFTC commodity status.
- LTC addresses surpass 8 million, signaling surging adoption & market interest.
- Coinbase’s LTC futures could boost liquidity, awaiting CFTC nod for April launch.
Litecoin (LTC) has been on a bullish streak in the last 24 hours, recording a 7-day high after finding support at the intra-day low of $87.78. This surge occurs in the light of supportive trends in the cryptocurrency market, particularly the news by the Commodity Futures Trading Commission (CFTC) about Litecoin being a commodity in the KuCoin case. This classification has attracted attention from both investors and traders, leading to the price of LTC gaining positive momentum.
LTC/USD 24-hour price chart (source: CoinStats)
The bullish momentum was still in charge by press time, and LTC’s price was up $95.63, a 4.96% rise from the intra-day low, although it had been seen as resistant at $96.97. Simultaneously, 4.06% and 105.86% growth were observed in the market capitalization and 24-hour trading volume, which reached $7,112,289,305 and $1,185,293,147, respectively.
Coinbase (NASDAQ:COIN) Futures Trading Announcement
Among the reasons t…
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