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Why Litecoin (LTC) is Up: Price Soars 18% on ETF Speculation
Litecoin, a cryptocurrency created based on the Bitcoin protocol, has posted a strong performance in the past day and week, respectively. The surging gains was potentially boosted by excitement over an exchange-traded fund (ETF) approval. At the time of publication, LTC traded at 120.56, up 18% and 16%, in the past day and week, respectively, according to the data from CoinMarketCap. Canary Capital's amended filing for its Litecoin ETF has reignited speculation that LTC could be the next cryptocurrency to gain regulatory approval in the United States, according to an SEC filing yesterday (Wednesday). The speculation ... (full story)