Litecoin (LTC) has recently made headlines as one of the standout cryptocurrencies, experiencing a remarkable surge of over 12.7% within just a 24-hour period, bringing its price close to $128.
This upward momentum coincides with rising speculation surrounding a possible U.S. spot ETF approval along with an impressive increase in real-world applications, which together are setting Litecoin up for a potential breakthrough.
As per analysts at Bloomberg, the probability of an ETF approval specifically for Litecoin is now at a striking 90%, thanks to its clear classification as a commodity by the Commodity Futures Trading Commission (CFTC).
Similar to Bitcoin, this regulatory clarity paves the way for increased institutional investments. Noteworthy companies, such as MEI Pharma, have already made significant investments in LTC, further fueling the bullish sentiment.
Chart Patterns Indicate Stronger Gains Ahead
Litecoin’s market price has recently broken out of a consolidation phase lasting three years, converting the former resistance of $110.70 into a new support level.
Now that it is trading above $126, the cryptocurrency is approaching a critical resistance area at $131.18. If the momentum persists, analysts suggest that LTC could potentially reach $144.56, with Fibonacci projections hinting at targets around the $150 mark.
Technical metrics support this optimistic perspective. The Relative Strength Index (RSI) remains elevated but hasn’t yet reached exhaustion, while the Moving Average Convergence Divergence (MACD) indicates sustained bullish divergence.
A daily close above $128.92 may signal confirmation of a long-term trend reversal. However, traders should exercise caution; if LTC does not maintain support above $110.70, a fallback level can be anticipated around $103.80.
Growing Adoption Strengthens Litecoin’s Market Position
Aside from market speculation, Litecoin is demonstrating its practical utility in everyday transactions. In July 2025, LTC comprised 14.5% of total crypto payments on CoinGate, standing second to Bitcoin and outperforming stablecoins like USDT and USDC. Fast transaction speeds and low fees have made LTC a preferred choice among merchants.
Approximately 40% of CoinGate’s partner vendors now choose to retain cryptocurrency from their sales, a noticeable increase from 27% in 2024. This heightened confidence in Litecoin as both a transactional medium and a reliable store of value bolsters its long-term viability.
With rising trading volumes, a significant technical breakout, and the tantalizing possibility of ETF approval, Litecoin is stepping into the spotlight. The synergy of institutional interest and growing practical adoption suggests that LTC could be gearing up for a significant rally, potentially reaching or even surpassing the $150 threshold shortly.
Image credit: ChatGPT, LTCUSD chart from Tradingview
