Bitcoin News Today: Grassroots and Institutions Fuel Litecoin's $120 Ascent

Litecoin's surging retail adoption and institutional momentum have positioned the cryptocurrency for a potential price leap to $120, driven by a user base of 8.7 million active participants. With retail investors controlling over 50% of circulating Litecoin (LTC), the asset's grassroots support contrasts with growing institutional interest, creating a dual engine of growth. The network's hash rate has hit record highs, while privacy-focused MWEB adoption has nearly tripled year-over-year, signaling robust technological progress, according to a Coinpedia report.

The decentralized nature of Litecoin's ownership, where everyday users outnumber institutional holdings, underscores its resilience. Despite large investors increasingly accumulating LTC, the average retail investor remains the dominant stakeholder, a dynamic that has historically bolstered Bitcoin's value. "Blue collar working coin resides in your hands," Litecoin's official Twitter account emphasized, highlighting the community's role in the asset's trajectory, as noted in the Coinpedia report.

Institutional validation is accelerating, with major players expanding Litecoin's accessibility. T. Rowe Price recently filed for a crypto ETF featuring LTC among 15 digital assets, marking the firm's entry into the crypto fund market, per a TradingView note. Meanwhile, Fidelity Digital Assets added Litecoin to its trading platforms, offering clients expanded options for buying, selling, and holding the asset, as reported by The Block. These moves reflect a broader industry shift toward mainstream crypto adoption, with ETFs and institutional-grade infrastructure gaining traction.

Litecoin's utility as a payment rail further strengthens its case. It consistently ranks second to Bitcoin in daily transactions, processing 30–40% of Bitcoin's volume over the past four years, according to the Coinpedia report. This transactional activity, coupled with Layer 2 innovations leveraging ZK Proofs, positions LTC as a viable alternative to traditional payment systems. Additionally, corporate treasuries and digital asset funds are increasingly allocating resources to Litecoin, with exchange-traded products (ETPs) and trusts like Grayscale's Litecoin Trust undergoing corporate reorganizations to streamline operations, according to a TradingView write-up.

The cryptocurrency's price action mirrors its expanding adoption. Trading at $95.45 as of October 24, 2025, Litecoin has gained 1.94% in 24 hours, buoyed by its retail-driven network and institutional tailwinds. Analysts suggest that sustained user growth and ETF approvals could push LTC toward $120, a level last seen during the 2021 bull market.

While Litecoin dominates the narrative, the crypto sector's broader volatility remains a wildcard. A $19 billion market correction in October 2025 has sparked debates about Bitcoin's potential to reach $200,000 by year-end, though Litecoin's fundamentals appear less tied to macroeconomic swings.