Litecoin (LTC) is enjoying a wave of bullish sentiment as the crypto community embraces Uptober. At the start of the month, the digital asset surged to reach $70, the first time since mid-August. This performance has mirrored that of Bitcoin (BTC), which initially surged to climb above $28,000. At the time of press, LTC is exchanging for $64 after a 2.5 percent drop in the last 24 hours.On-chain data reveals that LTC Whale Transactions rose from 1,800 to 2,900 transactions in the last two weeks of September. This is a bullish sign as it indicates that LTC demand is on the rise, which could drive prices on a bullish path. Crypto exchange data shows that investors have lined up buying orders at current prices in anticipation of a surge.It is important to note that 230,490 LTC traders have set selling orders if the price rises by 5 percent to reach $69. The next move for Litecoin will further be influenced by its big brother Bitcoin, which usually dictates the movement of the entire market. With the possibility of a Bitcoin spot ETF being approved over the coming months, as well as the 2024 halving, it is hard not to be bullish about Bitcoin.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	8
People	None
Companies	SEC, Coinbase, FCA, eToro, CySEC, FINRA
Currencies	Ethereum, Bitcoin, Litecoin
Securities	None