Bitcoin News Update: Litecoin Surges to $120 Driven by Retail Investors and Institutional Support

Litecoin is experiencing notable growth in both retail and institutional adoption, setting the stage for a possible rally to $120 as its active user base reaches 8.7 million. Retail holders now possess more than half of the available

(LTC), highlighting strong grassroots backing alongside rising institutional involvement, which together fuel the asset’s expansion. The network’s hash rate has reached unprecedented levels, and the adoption of privacy-centric MWEB has nearly tripled compared to last year, reflecting significant technological advancements, according to .

Litecoin’s widely distributed ownership, with individual users outnumbering institutional investors, demonstrates its durability. Even as large entities accumulate more

, retail participants remain the primary force, a pattern that has historically benefited Bitcoin. Litecoin’s official Twitter account described it as a “blue collar working coin in your hands,” emphasizing the community’s influence on its direction, as referenced in the Coinpedia report.

Institutional interest is gaining pace, with major financial firms broadening Litecoin’s reach. T. Rowe Price has recently submitted an application for a crypto ETF that includes LTC among 15 digital currencies, signaling its entry into the crypto investment space, according to

. At the same time, Fidelity Digital Assets has incorporated Litecoin into its trading services, giving clients more flexibility to buy, sell, and hold the asset, as reported by . These developments illustrate a wider trend toward mainstream acceptance of cryptocurrencies, with ETFs and institutional-grade solutions becoming more prevalent.

Litecoin’s effectiveness as a payment network further enhances its appeal. It consistently ranks just behind

in daily transaction counts, handling 30–40% of Bitcoin’s transaction volume over the last four years, as noted by Coinpedia. This steady activity, combined with Layer 2 upgrades utilizing ZK Proofs, positions LTC as a strong contender to traditional payment methods. Moreover, corporate treasuries and digital asset investment vehicles are increasingly allocating to Litecoin, with products like Grayscale’s Litecoin Trust undergoing restructuring to improve efficiency, according to .

Litecoin’s market performance reflects its growing adoption. As of October 24, 2025, LTC was trading at $95.45, up 1.94% in the past day, supported by its robust retail base and institutional momentum. Experts believe that continued user expansion and ETF approvals could propel LTC back to $120, a price last reached during the 2021 bull run.

Although Litecoin is currently in the spotlight, the overall crypto market remains unpredictable. A $19 billion downturn in October 2025 has led to speculation about Bitcoin possibly hitting $200,000 by year’s end, but Litecoin’s fundamentals seem less affected by broader economic trends.