Litecoin Price Jumps 20% After Being Called a Commodity by US Regulators

• Litecoin (LTC) price surged 20% after being referred to as a commodity by U.S. regulators • The Commodity Futures Trading Commission called LTC a commodity in a complaint against KuCoin exchange • This supports the view that crypto assets like LTC are commodities rather than securities
• The price increase comes amid conflicting classification of cryptos by U.S. agencies
• LTC now trading around $105, up from $88 earlier this week