Litecoin grew by more than 11% per day

The digital token Litecoin LTC $121.52 Litecoin 1.85% Market capitalization $9.25 billion VOL. 24 hours $0.21 billion has added more than 11% over the past day, reaching $ 123.66. Over the past week, the cryptocurrency has grown by more than 12% and has become one of the leaders among major altcoins. Experts say the reasons for this growth are the increased demand for the Litecoin payment network, technical signals on the charts, and increased speculation about the launch of an exchange-traded fund.

In July, Litecoin accounted for 14.5% of all crypto transactions conducted through payment provider CoinGate, outpacing popular stablecoins such as USDT and USDC. The number of Litecoin transactions since the beginning of 2025 has exceeded 300 million, and integration into Telegram Wallet has simplified access to this coin for micropayments around the world. The share of merchant revenues stored in Litecoin increased to 40.9%, up from 27% in 2024, indicating less selling pressure and possible price stabilization.

The regulatory situation also remains favorable for Litecoin. Despite the postponement of Grayscale’s application to launch a Litecoin exchange-traded fund until October 2025, Bloomberg analysts estimate the probability of approval at 90%. The recent strategy of MEI Pharma, which has placed $ 100 million of its corporate treasury in Litecoin, adds additional confidence to market participants. Unlike many other digital assets, Litecoin is classified as a commodity by the U.S. Commodity Futures Trading Commission, which reduces legal risks and sets the coin apart from other candidates for ETFs.

Technical analysis also confirms Litecoin’s current strength. The cryptocurrency has overcome the seven-day moving average at $ 109.98, as well as the key level of $ 117.61, which indicates a change in dynamics. The Relative Strength Index is 69.53, which is not a sign of overbought, but early signs of a possible correction are already visible on the MACD histogram. Traders point out that similar price spikes for LTC have previously occurred during rotations in the altcoin market.

Thus, Litecoin’s growth is supported by real-world use, favorable regulatory policies, and technical factors. So far, it is important to overcome resistance in the range of $ 124−131 for further movement, and holding above $ 113.24 may confirm a larger breakout in the market.