Litecoin has recently surpassed 118.35 USD, driven by institutional interest and significant whale accumulation. Whales have bought 250,000 LTC in six days, bringing their total holdings to 48.89 million LTC, reflecting increased confidence in the cryptocurrency.
The amended S-1 filing by CanaryFunds suggests potential regulatory engagement for a Litecoin ETF. This news, coupled with increasing market capitalization by 16.1%, signals a positive trend for LTC, attracting further investor interest.