- Analysts warn that Litecoin must hold $77 support to sustain a bullish outlook.
- Litecoin tops BitPay payments, surpassing Bitcoin and Ethereum in July.
- SEC delays CoinShares ETF ruling, setting October 23, 2025 deadline.
Litecoin is facing uncertain technical signals, according to analysts tracking its price movements. Analyst More Crypto Online reported that Litecoin failed to sustain a breakout above its trend line.
The analyst noted that current upward moves lack impulsiveness, leaving the setup unstable. Despite this weakness, the “white scenario” still points to possible targets around $362.
The bullish outlook remains intact only if the June low at $77 holds. A decisive break below that level would damage sentiment and suggest momentum has collapsed.
The analysis described the current pattern as fragile. Traders are watching the $77 threshold closely to confirm the next major trend.
Litecoin Regains Lead in Transaction Volumes
The Litecoin Foundation said the coin has reclaimed its position as the most used cryptocurrency for payments on BitPay. After briefly dropping to second place, Litecoin secured the top spot for two consecutive months.
Data from July showed that Litecoin accounted for 29.52% of processed payments, Bitcoin followed at 29.27%, and Ethereum recorded 15.29%.
Analysts attributed this performance to Litecoin’s speed, low transaction fees, and consistent merchant adoption. They noted that Bitcoin continues to dominate as a store of value, while Litecoin is increasingly favored for daily spending.
Reports suggest that consumers and businesses prefer Litecoin for efficiency, reinforcing its role as a payment-focused cryptocurrency.
SEC Extends Review of CoinShares ETF
The U.S. Securities and Exchange Commission has delayed its ruling on the CoinShares Litecoin ETF. The agency set a new deadline of October 23, 2025, for a final decision on approval or denial.
The filing follows earlier applications from Canary Capital and Grayscale for similar Litecoin-based funds. Traders said the delay was expected as regulators review multiple crypto ETF submissions.
Analysts explained that the decision will be part of the broader evaluation of digital asset products in the U.S. Until then, investors will continue to monitor both Litecoin’s technical levels and its expanding role in payments.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
