Saad Ullah
Litecoin just crushed short sellers with a massive breakout, posting the biggest gains among top cryptos this week.
LTC Price Breaks Out in Three-Day Rally
Litecoin (LTC) pulled off a stunning 13% rally in 24 hours, hitting $122.97 after climbing from $104 on August 3rd. Trading volume went absolutely wild with a 233% spike to $1.97 billion according to CoinMarketCap.
This made LTC the biggest weekly winner among top 100 cryptos, up 13.23% over seven days. The momentum pushed Litecoin back into the top 20 at #19 with a $9.43 billion market cap.
Short Sellers Get Wrecked by Litecoin (LTC) Surge
All those traders betting against LTC got demolished. According to CoinGlass, $122.97 million worth of short positions got liquidated in 24 hours.
This created a "short squeeze" where bears got forced to buy back positions, pushing prices even higher. The combination of real buying plus forced liquidations created the perfect storm for this breakout.
Why Everyone's Bullish on LTC Now
Bloomberg analysts give Litecoin a 90% chance of ETF approval since it's classified as a commodity. The SEC pushed Grayscale's LTC ETF decision to October 10, 2025.
The Litecoin network just hit 340 million transactions – over 12% of all LTC transactions since 2011 happened in 2025 alone. Plus, MEI Pharma dropped $100 million into Litecoin last month, giving it institutional credibility.
Saad Ullah
