Litecoin and Avalanche both traded in the green Wednesday, defying the blood-soaked charts of other established coins.
What happened: LTC rose 2.85% in the last 24 hours, while its trading volume zoomed 34% to $1.94 billion.
The coin, created from the hard fork of Bitcoin (CRYPTO: BTC), surged to an intraday high of $128.14 earlier in the day before retracing to $122.
While there was no specific trigger for the rally, traders may be pricing in a high probability of a Litecoin spot exchange-traded fund approval this year. In the last few weeks, the SEC has acknowledged spot ETF filings by Grayscale, …
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