Litecoin (LTC) is on fire today, soaring double digits, up about 9% to $121.10. This stunning rally is being backed by a rush in transaction activity, an all-time high hashrate, and increasing investor optimism. The significant rise in price underscores the optimism that returns to the cryptocurrency markets. This increase has made Litecoin one of the best gainers today.
Litecoin has shown strong bullish momentum over the last week, up by 9% in seven days. One recent example was when Litecoin rose 109 to $120 in one day, a notable increase of over 10%. Market participants are watching the $110 level very closely. If prices maintain levels above this threshold, increasing above this resistance may trigger a breakout, with bullish targets of $123 and $130.
The rise in price is accompanied by a sharp increase in trading volume. Litecoin’s trading volume increased almost 195% during the same period as the price jump. This increased trading activity shows strong investor interest and liquidity in the market for Litecoin.
Meanwhile, domestic transaction activity on the Litecoin network has quadrupled. It has increased 243% just in the last five months alone! This remarkable wave of activity compellingly highlights the growing utility and adoption of Litecoin for real world applications, including the payments and transactions. Litecoin’s growing importance in the payments landscape is underscored by its continued performance on platforms like CoinGate. In July 2025, it processed 14.5% of all crypto payments through CoinGate. This jaw-dropping number placed it as the second highest share, behind Bitcoin.
Litecoin’s hashrate recently hit an all-time high at 2.54 PH/s. The hashrate, which is a very important metric to consider when discussing security, is the total computational power that is currently being used to secure the network. An increasing hashrate signals better short-term security and improved long-term miner confidence in the long-term viability of that cryptocurrency.
Investor sentiment towards Litecoin is extremely bullish as well. Litecoin’s Fear and Greed Index opened at a score of 62 on July 31st. This score reflects the highest level of investor confidence to date. This optimism is in step with the prevailing bullishness in the market. The general crypto Fear and Greed Index indicates that investors are quite confident.
At the time of writing Litecoin is the third biggest gainer in the market. This tremendous performance comes from a combination of fundamentals, adoption, and the institutional interest that we’ve seen.
