Litecoin Rallies Nearly 10% Past $124, Volume Skyrockets 200% – Here’s What is Fueling Momentum
Main Idea
Litecoin (LTC) has surged nearly 10% past $124, with trading volume skyrocketing 200%, driven by increased payment adoption, ETF approval speculation, and bullish market predictions.
Key Points
1. Litecoin (LTC) rose 11.6% weekly and over 10% in 24 hours, trading above $124 before settling at $122, with bullish predictions targeting $140-$150.
2. Litecoin processed 14.5% of all crypto payments in July 2025, surpassing USDC and TRON to become the second-most used crypto after Bitcoin, with over 40 million transactions in 2025.
3. Polymarket odds for a Litecoin ETF approval in 2025 jumped to 81%, with Bloomberg analysts assigning a 90% chance, while the CFTC classifies LTC as a commodity.
4. Grayscale’s LTC Trust holds $180M in Litecoin, and MEI Pharma announced a $100M private investment to add LTC to its corporate treasury.
5. Crypto commentator Rain predicts LTC could hit $150, citing strong momentum and volume, with the altcoin outperforming many others.
Description
Litecoin (LTC) has outperformed the market with over 10% rise in 24 hours, trading past $124 on Tuesday. The token later rebounded and is currently trading at $122 at the time of writing, per CoinMarketCap data . LTC has been showing strong upward momentum since April, with bulls predicting a possible $140 mark in the coming months. LTC’s rally comes amid a broader market pullback and Bitcoin facing rejection below $116K. The trend signals strong bullish momentum and potential for further upside...
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