LTC Price Drops 6.22% Amid Whale Moves, DZ Bank Launch, and Spot ETF Anticipation

Litecoin (LTC) has seen a notable 6.22% price decline in the past 24 hours, with the current LTCUSDT price at $74.36 according to Binance, down from a 24h open of $79.29. The recent price drop is primarily attributed to increased whale activity and large short positions, as data reveals significant on-chain transactions by major holders and $3.43 million in new short positions on Hyperliquid. Additional volatility has followed news of DZ Bank’s MiCAR approval and the launch of its crypto platform supporting LTC, as well as anticipation around the upcoming U.S. Spot Litecoin ETF and technological developments such as LitVM. Trading volume remains high, signaling active market participation, and market capitalization is estimated between $5.72 billion and $6.27 billion with about 77 million LTC in circulation.