Litecoin (LTC), often dubbed the “silver to Bitcoin’s gold,” is back in the spotlight.
As of early August, LTC is trading around $127.47—up significantly from its mid-July levels—triggering renewed interest from traders and analysts alike. According to predictive models from Perplexity AI, August could prove to be a crucial month for Litecoin, with technical indicators pointing toward the possibility of a major breakout.
The Relative Strength Index (RSI), a widely followed momentum indicator, has surged above 72 on the 30-minute chart, indicating strong buying pressure and suggesting that bulls are firmly in control. While this reading usually signals overbought conditions, Perplexity’s model argues that the bullish trend may still have room to run—especially if macro conditions remain favorable.
Technical Breakout or Just a Tease?
Litecoin’s recent surge above the $120 psychological level was more than just a number—it confirmed the breakout of a multi-week consolidation phase. On-chain activity and market depth suggest a growing appetite among investors for mid-cap altcoins with proven track records, and LTC’s longevity gives it an edge.
According to Perplexity AI’s August projection, LTC could climb toward the $140–$145 range if the current trend holds. This outlook is based on a mix of historical data, sentiment analysis, and real-time trading metrics. The model also takes into account Litecoin’s correlation with Bitcoin and the overall risk appetite in the crypto market.
The $132–$135 range will be the next key resistance to watch. If Litecoin clears that zone with strong volume, the next target lies near the 127.2% Fibonacci extension at around $147—a level not seen since its 2021 peak.
Real-World Utility Supporting the Rally
Beyond price speculation, Litecoin’s recent surge has been supported by increased real-world usage. In July alone, it accounted for 14.5% of CoinGate’s crypto payments, surpassing both USDC and USDT. This reinforces its value as a fast and low-fee transaction layer—especially as merchants and payment apps like Telegram Wallet expand crypto integration.
Litecoin also recently crossed 300 million lifetime transactions, a major milestone that highlights its continued relevance in a rapidly evolving digital economy.
Caution Still Warranted
Despite the bullish outlook, traders should approach with caution. The RSI’s entry into overbought territory has historically preceded short-term corrections. If selling pressure kicks in, support levels to watch include $120 and $112—both of which previously served as resistance and could now provide a cushion for retracements.
Perplexity AI also noted that a slowdown in Bitcoin momentum or an external macroeconomic shock (such as hawkish Fed policy or regulatory moves) could weigh on altcoin performance across the board, including LTC.
Conclusion: A Pivotal Month for Litecoin
August 2025 could be a defining month for Litecoin’s medium-term trajectory. If it manages to maintain momentum and break through the $135 resistance, a rally toward $145 is within reach. However, with indicators flashing both opportunity and caution, traders will need to monitor market signals closely.
Perplexity AI remains moderately optimistic but emphasizes that sustained gains will depend on both technical confirmation and continued investor confidence.
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/perplexity-ai-predicts-litecoin-price-for-august-2025/