Litecoin (LTC), known as Bitcoin’s “digital silver,” noticed a 233% surge in buying and selling quantity as brief sellers confronted heavy liquidations. Based on CoinMarketCap information, LTC buying and selling volumes surged 233% within the final 24 hours to $1.97 billion.
Litecoin elevated by greater than 13% within the final 24 hours, reaching $129 in a three-day surge from a low of $104 on Aug. 3. This marks one of many sharpest large-cap rallies within the week as merchants shifted to legacy altcoins amid rising sentiment and ETF optimism.
The transfer has topped LTC as the biggest weekly gainer among the many prime 100 cryptocurrencies by market cap, with the worth up 13.23% within the final seven days. Litecoin has reentered the highest 20 and is at the moment the Nineteenth-largest cryptocurrency, with a market cap of $9.43 billion.
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The spike in quantity coincided with a pointy transfer upward, catching bearish merchants off guard. The surge triggered vital brief liquidations, wiping out tens of millions in leveraged bearish bets. Based on CoinGlass information, $3.89 million in brief positions had been liquidated during the last 24 hours.
The surge of liquidations fueled LTC’s achieve as pressured buybacks accelerated the worth bounce.
Litecoin information
In a latest milestone, the Litecoin Community accomplished its 340 millionth transaction. After reaching 300 million on Jan. 8, 2025, over 12% of all LTC transactions since 2011 occurred in 2025, indicating elevated community utilization.
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Hypothesis over a spot ETF is rising, with Bloomberg analysts estimating a 90% likelihood of approval as a result of Litecoin’s commodity classification. The SEC has prolonged its assessment of Grayscale’s Litecoin ETF, pushing the choice deadline to Oct. 10, 2025.
MEI Pharma reported a $100 million Litecoin dedication final month, replicating early Bitcoin treasury actions and offering LTC a recent viewpoint as a low-beta treasury asset.