Up over 40% in a month and 11% in a day, LTC now ranks as the second most-used crypto for payments, behind only Bitcoin.
Litecoin LTC $85.37 24h volatility: 4.9% Market cap: $6.54 B Vol. 24h: $903.90 M has gained over 11% in the past 24 hours, reaching an intraday high of $124.90 before settling near $122 at press time. This explosion follows a strong July performance, with LTC posting a 40.85% gain in the past month.
According to CoinGate, a major crypto payments processor, Litecoin has climbed to the second most-used cryptocurrency for payments, behind only Bitcoin. CoinMarketCap data shows BTC BTC $100 931 24h volatility: 6.1% Market cap: $2.02 T Vol. 24h: $90.48 B is up 118% while LTC printed 130% in gains in the past year.
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
Litecoin Payments on the Rise
In July, LTC accounted for 14.5% of all crypto payments on the platform, overtaking USDC USDC $1.00 24h volatility: 0.0% Market cap: $75.33 B Vol. 24h: $17.84 B (14%) and TRON TRX $0.28 24h volatility: 1.7% Market cap: $26.60 B Vol. 24h: $1.49 B (12.9%). Bitcoin still leads with a 22.9% share, but Litecoin’s rising adoption is turning heads across the industry.
The network also crossed a major milestone in August with 340 million transactions processed since inception, more than 12% of those occurring in 2025 alone. That’s nearly 40 million transactions in just seven months.
The Litecoin Network just processed its 340 Millionth transaction. Having hit 300 million back on Jan 8th 2025, this means ~12% of all $LTC transactions since 2011 have occur in 2025. Proof again Litecoin is accelerating! ⚡️ pic.twitter.com/R7sPIiQ4IN
— Litecoin Foundation ⚡️ (@LTCFoundation) August 3, 2025
LTC Price Analysis: Price Eyes $140 as Bullish Channel Holds
LTC is trading within a well-defined ascending parallel channel, with price currently testing the upper boundary near $124. The altcoin trades well above the 20-day and 50-day EMAs, at $102 and $109, respectively.
Bollinger Bands show LTC is riding the upper band, indicative of upward volatility with little resistance in sight, while the MACD remains in bullish territory with widening histograms. It’s clear with CMF at 0.09 that LTC accumulation is on the rise.
LTC Daily Chart with Momentum Indicators | Source: TradingView
If momentum sustains, a clean breakout above the $125 resistance could send Litecoin toward the next major target at $140, in line with the upper channel extension.
On the downside, strong support lies at $111 and $102, key EMAs that previously acted as resistance. With Polymarket data showing an 81% probability of an LTC ETF approval in 2025, the altcoin is positioned as one of the best crypto to buy in 2025.
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