Why did the Liontown share price rip 19% higher today?

The Liontown Resources Ltd (ASX: LTR) share price shot the lights out on Friday, rising 18.52% to an intraday high of 64 cents per share.

This made the ASX lithium share the fastest riser of the S&P/ASX 200 Index (ASX: XJO) today.

Liontown shares closed slightly lower at…