Litecoin’s price has surged by 12% in the last 24 hours, reaching $127, as altcoins aim for a rebound. Analysts speculate that LTC could hit $200 and strive for a new all-time high, driven by the anticipation of spot ETFs and rising interest in payment adoption.
Litecoin Sees a 12% Surge Amid Notable Bullish Momentum
The double-digit increase in Litecoin’s price, which rose from $111 to over $127, reflects a broader cryptocurrency market rebound. On August 5, the total market capitalization climbed by 1% to $3.74 trillion, following a resilient performance of stocks and cryptocurrencies on the preceding Monday. Most major altcoins, including Ethereum, XRP, and Solana, registered gains, supported by recent regulatory developments that buoyed overall crypto sentiment, suggesting further short-term gains are likely.
For LTC, fresh bullish momentum is fueled by several factors. This includes widespread anticipation for the approval of a spot Litecoin ETF, increased usage as a payment method, and significant institutional interest, particularly through strategic cash management. A recent report from Bloomberg estimated a 95% probability of spot LTC ETF approval by 2025, with regulatory developments indicating this outlook remains favorable.
Our July data reveals changes in crypto payment preferences:
🥇Bitcoin leads at 22.9%
📈Litecoin climbs as 2nd to 14.5%
🥉USDC rises at 14%
💥 TRON enters top 4 at 12.9%Which cryptos will be at the top in August? 🤔 pic.twitter.com/yzGdO8AwV3
— CoinGate (@CoinGatecom) August 4, 2025
What’s Next for LTC Price?
The price surge may prompt some profit-taking, potentially interrupting buyer momentum, especially given LTC’s ascent to a five-month high. However, the altcoin has successfully broken through a symmetrical triangle on its weekly chart, signaling the potential for continued upward movement. This breakout above the triangle’s upper resistance suggests that bullish traders may aim for the supply wall situated around $200.
Moreover, the Moving Average Convergence Divergence (MACD) indicates a bullish crossover, enhancing the positive momentum outlook. The Relative Strength Index (RSI) is also above 64, suggesting there is room for additional gains before entering overbought territory.
If buying pressure persists, targets of $200 and beyond may be attainable in the short term. However, should momentum wane, a pullback towards the support zone between $110 and $101 could follow. Ultimately, these price projections for LTC hinge on the prevailing bullish conditions in the market.
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