The post Why Litecoin (LTC) Price is Surging? appeared first on Coinpedia Fintech News
After remaining dormant for the past few months, Litecoin (LTC), the third largest crypto asset that is secured through the legendary proof-of-work (PoW) consensus method, has signaled the onset of its bullish outlook. The mid-cap altcoin, with a fully diluted valuation of about $6.2 billion and a daily average traded volume of around $523 million, has surged over 14 percent in the past two weeks to trade about $73.86 on Friday, October 18, during the early Asian session.
The ongoing rebound for Litecoin price has coincided with a similar move by Bitcoin (BTC), which has teased above $68k recently.
The entire crypto space has been signaling a potential bullish breakout amid the October narrative combined with the notable shift in macroeconomics.
Major Factors Contributing to the Litecoin Price Breakout
Filing of the First Spot LTC ETF
Canary Capital’s S-1 filing for a #LitecoinETF with
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