The post Why is Litecoin (LTC) Price Surging, Defying The Bearish Crypto Market? appeared first on Coinpedia Fintech News
If you have watched the cryptocurrency market over the past few days, you have undoubtedly noticed the gloomy pattern exhibited by all the top cryptocurrencies, from Bitcoin and Ethereum to Cardano, XRP, and even Solana. However, one notable token stands out from this gloomy scene.
Litecoin Updates
In a sea of red, Litecoin is swimming in green. The altcoin has increased by over 8% in the past twenty-four hours and is currently worth $105.
However, this outstanding performance isn’t an anomaly. Two days ago, the Commodity Futures Trading Commission tagged Ethereum (ETH) and Litecoin (LTC) as commodities amidst a legal battle with KuCoin. This is a big deal because it’s a badge of honor for Litecoin.
And what’s more, Coinbase Institutional rolled out the red carpet for Litecoin Futures on its platform. Talk about a confidence boost for investors!
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