Litecoin is facing uncertain technical signals and demonstrates strong results in payments.
Price Maintenance Issues
Analysts report unstable price positions for Litecoin. According to research by More Crypto Online, the cryptocurrency failed to maintain a breakout above its trend line. Current upward movements lack impulsiveness, leaving the trend unstable. Nevertheless, the 'white scenario' still points to potential targets around $362. The bullish outlook remains only if the $77 level established in June is held. A break below this level could negatively impact investor sentiment.
Litecoin Leads in Transaction Volumes
The Litecoin Foundation reports that the cryptocurrency has reclaimed its position as the most used for payments on BitPay. In July, Litecoin accounted for 29.52% of processed payments, while Bitcoin and Ethereum showed 29.27% and 15.29%, respectively. This performance is linked to fast transaction processing, low fees, and consistent merchant support. Litecoin is increasingly favored for daily spending, while Bitcoin continues to dominate as a store of value.
SEC Delays CoinShares ETF Decision
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the CoinShares ETF, setting a new deadline of October 23, 2025. This decision follows earlier applications from Canary Capital and Grayscale for similar funds. Analysts describe the delay as expected, as regulators review multiple crypto ETF submissions. The upcoming decision will be part of a broader evaluation of digital asset products in the U.S., while investors will continue to monitor Litecoin's technical levels and its expanding role in payments.
In conclusion, Litecoin continues to face price volatility risks and SEC analysis, but it shows impressive results in payments, gaining increasing recognition among users.
