In mid-April, open interest in litecoin futures (LTC) was close to $410 million.
Demand for the asset has been increasing as it reached $102.96 on the spot market last month. Lightcoin last traded above $102 in February 2023.
The cryptocurrency hit a bottom at the beginning of March around $67. Open interest in LTC futures fell to $349 million in May. The lion’s share of contracts deployed on the exchanges Binance, OKX and ByBit – $153.77 million, $102.96 million and $59.97 million respectively.