Litecoin Rallies on 90% ETF Odds and Rising Merchant Adoption

Published: 2025-08-05 22:07:32 |

Litecoin has jumped 12.7% over the past 24 hours to trade near $128, driven by 90% odds of a spot ETF approval and its CFTC commodity classification. Institutional interest has been boosted by Bloomberg’s forecast and MEI Pharma’s addition of $100 million in LTC reserves. Technical indicators confirm a breakout: support now at $110.70, resistance at $131.18, with RSI still below overbought levels and a bullish MACD. Analysts target $144.56 to $150 based on Fibonacci extensions. Merchant adoption is also rising: Litecoin accounted for 14.5% of CoinGate payments in July, and nearly 40% of vendors now hold crypto proceeds, up from 27% in 2024. With ETF momentum and real-world use converging, Litecoin could sustain gains and attract long-term inflows.

Bullish

In both reports, Litecoin’s price jump stems from strong spot ETF approval prospects—Bloomberg’s 90% forecast and a favorable CFTC classification—combined with technical breakout indicators and growing merchant adoption. Short-term, the ETF momentum and bullish technical setup support continued gains toward analysts’ $144.56–$150 targets. Long-term, rising institutional reserves and real-world payment use cases bolster market confidence, making Litecoin attractive for sustained inflows.