Litecoin's price surged by 5.5% as over 1,000 wallets accumulated an additional 181,000 LTC in a single day. This increase in accumulation is attributed to positive news, including Grayscale's application for a Litecoin ETF and MEI Pharma's decision to allocate $100 million of its treasury into Litecoin. These developments have bolstered investor confidence, driving the cryptocurrency's recent price gains.