Litecoin (LTC) has surged over 11% in the past 24 hours, breaking above $123 and decisively ending a three-year consolidation pattern. The cryptocurrency shattered its key resistance at $110.70 on August 4, which has now flipped to support, accompanied by a 170% volume spike to $1.48 billion.
Payment processor CoinGate reports LTC now commands 14.5% of crypto payments on its platform – second only to Bitcoin (22.9%) – surpassing stablecoins USDC (14%) and USDT (12.2%). This reflects Litecoin's core strengths: fast settlement and low fees. Remarkably, 12% of all LTC transactions since its 2011 launch occurred in 2025 alone, with the network processing its 340 millionth transaction recently.
Technical indicators show bullish momentum despite overbought signals. The 4-hour chart reveals LTC hugging the upper Bollinger Band at $122.94, with RSI at 80.31. Key resistance now lies at $131.18, while support holds at $110.70. ETF prospects amplify optimism, with Bloomberg analysts citing 90% approval odds due to the CFTC's commodity classification of LTC. Institutional interest solidified with MEI Pharma's $100 million treasury allocation last month.