Litecoin futures volume surged 12% week-on-week

Litecoin futures volume surged 12% week-on-week, coinciding with rising Google Trends search interest in “Litecoin futures” — historically a precursor to heightened retail-driven market moves. But things move fast. At the start of the week, a new all-time high for Robinhood meant the company’s shares had breached $140. But the gains have kept rolling in. Robinhood’s stock is now closing in on $150 with more than an hour left before the closing bell on Friday. The Litecoin (LTC) price has climbed by 1.08% in the last 24 hours, outpacing the broader crypto market’s 0.44% gain. The rebound move, combined with the rising altcoin dominance in the broader cryptocurrency space, has sparked bullish hopes for the coin. Spot-LTC inflows into exchanges decreased 7%, often a bullish sign for futures traders expecting reduced sell pressure. Combined with rising open interest, the trend could sustain upward price momentum.