LTC price rises as Litecoin network hits 30m transactions YTD
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Litecoin (LTC) has rallied nearly 3% in the past 24 hours, riding the wave of a broader cryptocurrency market rebound led by Bitcoin and other altcoins.
The altcoin, often dubbed “digital silver”, has failed to rally alongside top cryptocurrencies, with its price recently constrained below $140 since dropping below in January 2022.
In the past few months, buyers have looked to strengthen in the $80-$100 range.
Per CoinMarketCap data, LTC traded around $88.28, green on the day but in the red over the past week and month.
Litecoin network surges to 30 million transactions in 2025
While not as impressive as some outperformers, the LTC price currently reflects renewed investor enthusiasm, fueled by spot ETF anticipation and network growth milestones.
Among this is Litecoin network’s run to over 30 million transactions year-to-date.
Litecoin Foundation shared the milestone in a post, noting the network has processed over 30 million transactions in 2025 so far.
This translates to an average of over one million transactions per week, underscoring the network’s robust adoption as a payment method.
Data from IntoTheBlock highlights a surge in large transactions, with over $1.2 billion in LTC moved in single transactions exceeding $100,000 during recent peak periods.
This activity reflects growing confidence among institutional and high-net-worth investors.
Litecoin’s likely price breakout could benefit from these massive transaction counts.
Also set to play a huge role in holder sentiment is the growing expectations for a spot Litecoin exchange-traded fund (ETF).
Currently, Litecoin, Solana, and XRP are among the altcoins with several spot ETF applications before the SEC.
Sentiment is high across the market as Polymarket traders bet on huge odds that the SEC will approve these spot ETFs before the end of the year.
Analysts, including Bloomberg’s Eric Balchunas and James Seyffart, say the chances that the SEC approves these funds are very high.
Potentially, they see a launch for LTC and others by October 2025. Given the anticipation, price appreciation could follow news of trading dates.
Litecoin price forecast
Litecoin’s price action suggests a potential bullish reversal. The token has bounced off the $80 support level on multiple occasions in the past month.
A bullish pattern in the form of a rising channel gives bulls an upper hand. The daily chart also has the Relative Strength Index (RSI) trending upward, indicating increasing buying pressure.
A similar outlook is possible given the Moving Average Convergence Divergence (MACD) indicator, which signals a bullish crossover.
Key price levels to watch are $100 on the upside and $80 on the downside. A breakout above or below will be crucial to either bulls or bears.
The post LTC price rises as Litecoin network hits 30m transactions YTD appeared first on Invezz
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