Litecoin Surges 10% Past $124 as Trading Volume Jumps 200%

Generated by AI AgentCoin World
Tuesday, Aug 5, 2025 6:24 am ET1min read
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Aime RobotAime Summary

- Litecoin surged nearly 10% past $124 with 200% higher trading volume, as analysts predict potential $140–$150 targets.

- The rally contrasts with Bitcoin’s weakness, driven by Litecoin’s growing real-world adoption and 14.5% July payment share.

- Regulatory optimism, including 81% ETF approval odds and institutional investments like MEI Pharma’s $100M LTC allocation, fuels bullish sentiment.

- Analysts highlight Litecoin’s outperformance, with $150 as the next target and all-time highs potentially near due to strong momentum.

Litecoin surged nearly 10% past $124 in recent trading, with a 24-hour trading volume increasing by more than 200%, signaling strong bullish momentum in the altcoin space. The coin briefly hit $124 on Tuesday before retracing slightly to $122 at the time of reporting, according to CoinMarketCap data. Over the past week, Litecoin has gained 11.6%, continuing a robust upward trend that began in April. Analysts have suggested the potential for Litecoin to reach $140 or even $150 in the coming months [1].

The rally is occurring against a backdrop of broader market weakness, particularly for Bitcoin, which has seen price rejection below $116,000. This divergence highlights Litecoin’s resilience and growing market appeal as the crypto sector consolidates. One key factor driving the surge is the altcoin’s expanding utility in real-world transactions. CoinGate data revealed that Litecoin processed 14.5% of all crypto payments in July 2025, surpassing USDC and

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to become the second-most used cryptocurrency after Bitcoin. Over 40 million transactions were recorded on the Litecoin network in 2025 alone, reinforcing its increasing adoption and use cases [1].

Regulatory developments are also contributing to bullish sentiment. Polymarket data shows the odds of a Litecoin ETF approval in 2025 have risen to 81%, with Bloomberg analysts estimating a 90% chance of eventual approval. The U.S. Commodity Futures Trading Commission (CFTC) has classified Litecoin as a commodity, which supports institutional adoption. Grayscale’s LTC Trust currently holds $180 million in Litecoin, and an ETF approval would unlock institutional capital that could further propel the asset’s price.

Institutional interest in Litecoin is also growing.

MEI Pharma
recently announced a $100 million private investment in public equity (PIPE) transaction that includes the addition of Litecoin to its corporate treasury. This move reflects a broader shift toward cryptocurrency as a strategic asset for corporate balance sheets and long-term value storage [1].

Market analysts remain optimistic. Rain, a well-known crypto commentator, has predicted that $150 is the next price target for Litecoin after its strong rally since April. “$150 is the nearest target, with big moves likely to come. Volume and momentum pick up,” he wrote on X, noting that Litecoin is outperforming many other altcoins [1]. Another analyst added that a return to all-time highs may be near, as Litecoin continues to show stronger momentum than many of its peers.

Litecoin’s rising adoption, growing on-chain activity, and favorable regulatory developments have created a constructive environment for further price appreciation. As institutional interest and market confidence build, the altcoin appears well-positioned to continue its upward trajectory in the near term.

Source: [1] Litecoin Rallies Nearly 10% Past $124, Volume Skyrockets 200% – Here’s What is Fueling Momentum (https://cryptonews.com/news/litecoin-rallies-nearly-10-past-124-volume-skyrockets-200/)