Litecoin Surges 5.2 Percent to $70.52 Amid Strong Network Activity

Litecoin is trading at $70.52, with a 5.2 percent daily gain, outperforming Bitcoin and Ethereum. The surge can be attributed to the coin's strong network activity, with 569 blocks found in 24 hours, and a total of 173,162 transactions processed. The network's computing power is currently at 2.5 petahash per second, and the average fee on a transaction is less than half a US cent.

The Litecoin Foundation attributes the price gain to increased economic activity in the network. However, the editorial team collected network data itself, showing that the blockchain is public, and the data supports the strong network activity.

The Grayscale Litecoin Trust filed an amended registration statement with the SEC on September 11, 2026, seeking to convert the trust to an exchange-traded fund (ETF). However, the listing application for a Litecoin spot ETF has been pending since January 2025 and has not been approved to this day.