Litecoin Surges 13% as 233% Volume Spike Triggers Bear Liquidations

Litecoin (LTC) experienced a dramatic breakout in the last 24 hours, with trading volume surging by 233% to reach $1.97 billion, marking a pivotal moment in its recent price action [1]. The sharp increase in volume coincided with a 13% rise in price, pushing LTC’s value to $129. This followed a three-day rally from a low of $104 on August 3 and marked one of the most significant rebounds among large-cap cryptocurrencies in the past week [1].

The move has positioned Litecoin as the largest weekly gainer among the top 100 cryptocurrencies by market cap, with a 13.23% increase over the past seven days. As a result, LTC re-entered the top 20 largest cryptocurrencies by market capitalization, now valued at $9.43 billion and ranked 19th [1]. The strong upward momentum triggered significant short liquidations, with $3.89 million in bearish positions wiped out in the same 24-hour period [1]. These forced buybacks further accelerated the price increase, amplifying the bearish blow.

Amid the surge, Litecoin also reached a notable on-chain milestone, completing its 340 millionth transaction. Over 12% of all LTC transactions since the cryptocurrency’s launch in 2011 have occurred in 2025, reflecting growing network activity and usage [1].

The cryptocurrency has also attracted new institutional interest. MEI Pharma recently committed $100 million to Litecoin, following a pattern seen in early Bitcoin treasury allocations. This move has introduced LTC to a new perspective as a potential low-beta treasury asset [1]. Meanwhile, regulatory developments continue to shape market sentiment, with the U.S. Securities and Exchange Commission (SEC) extending its review of Grayscale’s Litecoin ETF application until October 10, 2025 [1]. Bloomberg analysts have estimated a 90% chance of approval due to Litecoin’s classification as a commodity, fueling speculation about a potential spot ETF listing.

The recent volatility underscores Litecoin’s position as a legacy altcoin benefiting from broader crypto market optimism. As traders shift their attention to well-established assets amid ETF expectations, LTC is experiencing renewed attention and liquidity, reinforcing its role in the evolving crypto landscape.

Source: [1]Litecoin (LTC) Breaks out With 233% Volume Spike; Bears Obliterated (https://u.today/litecoin-ltc-breaks-out-with-233-volume-spike-bears-obliterated)