Litecoin (LTC) has surged over 11% in the past 24 hours, reaching $123.66 at the time of writing, according to recent market data.
The rally places LTC among the top-performing large-cap altcoins this week, gaining over 12% in the past 7 days. Behind the momentum lies a combination of strong payment network adoption, technical breakout signals, and growing ETF speculation.
While Litecoin’s “digital silver” reputation has long taken a backseat to flashier projects, its growing real-world utility and institutional credibility could be changing the narrative.
Payment Network Growth Fuels Real Demand
Litecoin recently captured 14.5% of all crypto transactions processed by CoinGate in July—leapfrogging popular stablecoins like USDT and USDC. This surge in merchant usage follows LTC surpassing 300 million transactions in 2025 and its integration into Telegram Wallet, making it increasingly accessible for global microtransactions.
The impact is real: merchants are now holding 40.9% of their crypto revenue in Litecoin, up from just 27% in 2024. This shift away from instant conversion reduces sell pressure and could help stabilize price action during volatile cycles.
ETF Optimism Grows Despite SEC Delay
While the SEC recently postponed its decision on Grayscale’s LTC ETF application to October 2025, Bloomberg analysts still assign a 90% chance of eventual approval. Institutional moves like MEI Pharma’s $100 million Litecoin treasury allocation have also bolstered market confidence. MEI’s strategy mirrors early Bitcoin buys from MicroStrategy, positioning LTC as a viable corporate treasury asset.
The regulatory backdrop remains favorable too. The CFTC classifies Litecoin as a commodity, reducing legal uncertainty and helping it stand out in the ETF approval race.
Technical Setup Suggests More Upside—But Caution Remains
Litecoin broke above key levels including its 7-day SMA ($109.98) and the pivot point at $117.61, signaling a momentum shift. With RSI at 69.53 and not yet in overbought territory, traders see room for continued upside. However, the MACD histogram shows early signs of bearish divergence, suggesting a possible pullback if volume stalls.
Historical patterns show LTC tends to surge during altcoin rotations, and the Altcoin Season Index has risen 51.72% over the past month—creating the perfect environment for breakout attempts.
Conclusion
Litecoin’s 11% jump today is more than just a random price spike—it’s supported by real adoption, regulatory momentum, and technical strength. While resistance in the $124–$131 zone may slow immediate gains, staying above $113.24 (23.6% Fibonacci level) could validate this move as the beginning of a larger macro breakout.
With ETF hopes alive and payment use cases expanding, Litecoin might finally be ready to reclaim its spotlight in the crypto arena.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/litecoin-price-10-up-today-heres-why-the-rally-might-just-be-starting/