LTC Surges 11% as Litecoin Becomes Second Most-Used Payment Crypto
Litecoin Overview
- Litecoin has increased by over 11% in the past 24 hours, reaching a high of $124.90 and currently trading around $122.
- In July, LTC experienced a 40.85% gain, bringing its annual increase to 130%, compared to Bitcoin’s 118% rise.
- According to CoinGate, Litecoin is now the second most-used cryptocurrency for payments, accounting for 14.5% of all crypto transactions, behind Bitcoin (22.9%).
- The network processed its 340 millionth transaction in August, with nearly 40 million occurring in 2025 alone.
LTC Price Analysis
- LTC is trading within an ascending channel, testing resistance near $124 while remaining above key EMAs at $102 and $109.
- Bollinger Bands indicate upward volatility, with MACD showing bullish momentum.
- A breakout above $125 may target $140; support levels are at $111 and $102.
- Polymarket data suggests an 81% probability of LTC ETF approval in 2025.
LTC Daily Chart with Momentum Indicators | Source: TradingView