Litecoin's Volume Surges by 233%, Aggressively Dismissing Bears' Influence
In the world of cryptocurrencies, Litecoin (LTC) has been making headlines with a significant surge in trading volume and price. The digital silver, as it's often called, has experienced a 233% increase in trading volume over the last 24 hours, reaching a staggering $1.97 billion, according to CoinMarketCap.
The price increase has been equally impressive, with Litecoin breaking the $129 mark, a more than 13% rise in the last 24 hours. This surge has catapulted Litecoin into the top 20 cryptocurrencies by market cap, currently standing at the 19th position with a market cap of $9.43 billion.
The factors driving this surge are multifaceted.
Improved Network Strength and Security
Litecoin's network has seen a significant boost in strength and security. The cryptocurrency recently reached an all-time high hashrate of 2.54 PH/s, reflecting higher miner confidence and network security. Updates like the MimbleWimble Extension Blocks (MWEB) are improving privacy and transaction efficiency, making Litecoin more technologically appealing.
Rising Real-World Adoption for Payments
Litecoin's usage in crypto payments has grown significantly. In July 2025, LTC accounted for 14.5% of all crypto payments on the CoinGate platform, placing it second only to Bitcoin. This growing adoption increases transaction volume and demand for LTC.
Institutional Interest and Positive Market Outlook
Analysts predict LTC price growth supported by a pro-crypto policy environment, rising institutional interest, and expanding decentralized finance (DeFi) and NFT support via projects like LitVM. This institutional confidence contributes to higher trading activity.
Market Sentiment and Technical Factors
While LTC has faced some short-term bearish technical indicators, market analysts expect a recovery wave once corrections stabilize. Price forecasts for 2025 range broadly, with some optimistic projections seeing LTC hitting $400 by 2025 if resistance levels are broken.
Comparative Legacy and Utility
Litecoin's capped supply and long-standing status as a reliable crypto contribute to its perceived scarcity and stability. While its growth is more conservative compared to newer altcoins, its low fees and fast transaction speeds maintain its utility and user base.
The recent surge in Litecoin's price has been accompanied by a flurry of short liquidations, with over $3.89 million in short positions on Litecoin being liquidated in the last 24 hours. This surge marks one of the sharpest large-cap rallies in the week, and it's being considered as a low-beta treasury asset, replicating early Bitcoin treasury movements.
However, it's important to note that while the outlook for Litecoin is positive, the cryptocurrency market is inherently volatile. The Securities and Exchange Commission (SEC) has extended its review of Grayscale's Litecoin ETF, with the decision deadline now on Oct. 10, 2025.
As of August 10, 2025, Litecoin has completed its 340 millionth transaction, a testament to its enduring presence in the crypto landscape. The surge in Litecoin's price and trading volume is a clear indication of its growing popularity and potential for future growth.
- Bloomberg
- CoinGeek
- Litecoin Foundation
- CoinMarketCap
- TradingView
- The recent surge in Litecoin's price and trading volume has caught the attention of finance giants like Bloomberg, who are closely monitoring the digital silver's position in the crypto market.
- Amidst the flurry of trading activity, whales are increasingly investing in Litecoin, as seen on TradingView, where substantial increases in large LTC transactions have been noticed.
- The Ethereum-based Litecoin futures contracts launched by the Litecoin Foundation on platforms such as CoinGeek, which allow investors to trade LTC in a regulated manner, have further boosted the crypto's market cap and liquidity.
- CoinMarketCap's data indicates that while Bitcoin continues to dominate the crypto market, altcoins like Litecoin are gaining significant ground, with their trading volumes and market caps on the rise.
