Litecoin’s recent rally, marked by a brief surpassing of $124 and a surge in volume, is bolstered by rising transaction adoption and improved ETF approval odds.
Litecoin surged over 10% in 24 hours, briefly trading above $124 before settling at $122. Data from CoinMarketCap and CoinGate highlight strong trading volume and transaction activity, with CoinGate noting 14.5% of all crypto payments in July 2025 and over 40 million transactions recorded in 2025. ETF approval odds have risen to 81% according to Polymarket, while Bloomberg analysts project a 90% chance, and institutional moves including Grayscale’s LTC Trust holding $180M and a $100M PIPE transaction by MEI Pharma reinforce bullish sentiment, with market watchers forecasting a target near $150.