Litecoin (LTC) Price: Breaks 3-Year Consolidation Pattern with 10.85% Daily Gain

TLDR

• LTC price soared 10.85% in 24 hours, breaking out of a 3-year sideways trend
• ETF approval speculation (80% odds) is fueling institutional interest
• Litecoin processed its 340 millionth transaction, with 12% of all transactions occurring in 2025
• CoinGate data shows Litecoin now ranks 2nd in crypto payment preferences (14.5% share)
• RSI at 80.31 indicates short-term overheating, but the overall trend remains bullish

Litecoin has emerged from a lengthy period of consolidation to lead an impressive altcoin rally. The digital currency has surged 10.85% in the past 24 hours alone, with weekly gains holding steady at 12.73%. Currently trading around $122.85, LTC has pushed its market capitalization to $9.35 billion while its 24-hour trading volume has exploded by 170% to $1.48 billion.

This sudden price movement represents a major technical breakthrough, as Litecoin has finally broken out of a three-year consolidation pattern. The asset surged past its multi-month resistance of $110.70 on August 4, converting this level into a new support zone.

The cryptocurrency’s price movement is showing strong momentum on technical indicators. The Bollinger Bands have expanded sharply, pointing to increased volatility, with LTC currently tracking along the upper band at $122.94. While the RSI sits at 80.31, suggesting overbought conditions in the short term, the asset continues to maintain its position above the 20-period simple moving average at $111.84.

Litecoin Price on CoinGecko

With the clean break above the 23.6% Fibonacci level at $110.70, analysts are now watching the next resistance at $131.18. If the current momentum holds, a push toward $144.56 appears within reach. For traders taking defensive positions, the first support level to monitor remains at $110.70, followed by $107.89.

On-Chain Growth Fuels Price Movement

Litecoin recently hit a major milestone, processing its 340 millionth transaction, up from 300 million in early January 2025. This means the network has handled an impressive 12% of all transactions in its history during 2025 alone—with four months still remaining in the year.

This transaction growth highlights increasing network adoption and utility, serving as a fundamental driver behind the recent price surge. The expanding user base and transaction volume suggest that Litecoin is finding real-world applications beyond speculative trading.

Rising Prominence in Payment Processing

Payment processor CoinGate recently revealed that Litecoin has climbed to second place in user preferences for crypto payments. According to their July data, LTC now accounts for 14.5% of all cryptocurrency payments on their platform, trailing only Bitcoin’s 22.9% share.

This represents a significant achievement for Litecoin, which outperformed USDC (14%), USDT (12.2%), and Tron (12.9%) in payment volume. Despite ranking 19th by market capitalization, Litecoin’s popularity as a payment method stems from its fast transaction speeds and low fees.

CoinGate’s H1 2025 report showed Litecoin had a 13.6% dominance in crypto payments, slightly ahead of Ethereum at 13.5%, though still behind Bitcoin and Tron. The report also highlighted a growing comfort with cryptocurrency among merchants, with 40.9% choosing to hold received payments in digital assets—up from just 27% in 2024.

The price rally comes amid growing speculation about a potential Litecoin ETF approval, with some analysts putting the odds at 80%. This institutional interest, combined with improving on-chain metrics and payment adoption, has created a perfect storm for Litecoin’s price action.

Looking at the chart, LTC’s next challenge will be sustaining momentum above the $131 level before weekly close. The most recent data shows Litecoin trading at $119 after its sharp 9% jump over the past day.