Litecoin price surged due to Canary Capital filing for a spot Litecoin ETF and Bitcoin increase

From Cointelegraph

October 16, 2024 05:34:09 AM:

Litecoin (LTC) saw a price surge following news of Canary Capital filing for a spot Litecoin ETF. This surge also coincided with Bitcoin reaching a multi-month high.

Canary Capital’s filing for a spot Litecoin ETF played a significant role in the surge of LTC’s price. Additionally, Bitcoin reaching a multi-month high further contributed to the positive momentum in the cryptocurrency market.

Read more at Cointelegraph: Why is Litecoin price up today?