Data: Open interest in Litecoin futures has reached $420 million

Open interest in Litecoin futures has reached $420 million, up 22% year-to-date. This spike may be influenced by the upcoming halving of Litecoin over the next 70 days. coinGecko data shows that Litecoin has risen slightly this month, up nearly 7% from $86 to $92. Its hash rate has also spiked significantly over the past year, adding another favorable metric to the asset's profile.