Record $584M Litecoin futures open interest signals institutional inflow

Litecoin (LTC) might be 60% below its December 2017 all-time high at $420, but that hasn’t stopped its futures contracts open interest from reaching a record $584 million. This makes LTC the seventh-largest cryptocurrency by market capitalization and it ranks third in derivatives, behind Bitcoin (BTC) and Ether (ETH).

Litecoin futures aggregate open interest. Source: Bybt.com

As shown above, LTC futures aggregate open interest increased by 285% over the past three months. One should keep in…


Source link

About bitcoin

Check Also

Bitcoin, Litecoin & Cardano– American Wrap 1 February

Bitcoin price plunged to its weekly low of $22,862 earlier today, as traders awaited the …

Leave a Reply

Your email address will not be published. Required fields are marked *