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LTC Emerges as a Powerhouse in Crypto Payments: Outshining Stablecoins on CoinGate

LTC Emerges as a Powerhouse in Crypto Payments: Outshining Stablecoins on CoinGate

Author:
LTC News
Published:
2025-08-05 15:29:20
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[TRADE_PLUGIN]LTCUSDT,LTCUSDT[/TRADE_PLUGIN]

In a significant development for the cryptocurrency ecosystem, Litecoin (LTC) has solidified its position as the second-most preferred digital asset for payments on CoinGate, surpassing major stablecoins like USDC and USDT. According to recent data from the Lithuanian payment processor, LTC accounted for 14.5% of all transactions in July 2025, edging out USDC (14%) and USDT (12.2%). This achievement highlights Litecoin's growing utility and adoption in the payments space, despite its relatively modest market capitalization compared to other top cryptocurrencies. Often referred to as 'digital silver,' Litecoin continues to demonstrate its resilience and relevance in the fast-evolving crypto landscape. The TRON network followed closely in fourth place with 12.9% of transactions, but Litecoin's performance underscores its unique value proposition as a fast, low-cost, and reliable payment method. This milestone is a testament to Litecoin's enduring appeal and its ability to compete with both volatile cryptocurrencies and stablecoins in real-world applications.

Litecoin Takes Second Place in Crypto Payments, Surpassing Stablecoins on CoinGate

Litecoin has surged to become the second-most preferred cryptocurrency for payments on CoinGate, trailing only Bitcoin. Data from the Lithuanian payment processor shows LTC claimed 14.5% of July transactions, outperforming both USDC (14%) and USDT (12.2%). TRON secured fourth place with 12.9%.

The 'digital silver' continues to punch above its weight in payment utility despite its modest market cap ranking. Litecoin's blockchain architecture delivers faster settlements and lower fees than many top-tier assets—a competitive edge that's driving merchant adoption. This marks a notable shift in stablecoin-dominated payment flows.

Bitcoin maintains its dominance with 22.9% share, reinforcing its dual role as both store of value and transactional medium. The rankings suggest growing diversification in crypto payment preferences beyond the usual suspects.

Memecore, Solana, and Dogecoin Lead Crypto Rally Amid Market Recovery

Memecore (M) surged 25% in 24 hours, spearheading a broader cryptocurrency market rebound. Mantle (MNT) and Litecoin (LTC) followed with 16% and 10% gains respectively. Technical indicators suggest Memecore faces overbought risks, while Mantle and Litecoin eye key resistance breaks for further upside. Memecore's rally cooled slightly Tuesday, dipping 2% after a 31% surge the prior day. Bulls now target the 50% Fibonacci retracement level at $0.7968.

Solana (SOL) stabilized near $168 following a 7% recovery, buoyed by the global rollout of its Seeker mobile device to 50+ countries. Positive derivatives data and improving trader sentiment signal growing Optimism for SOL's near-term trajectory.

Dogecoin (DOGE) gained 5% but faces resistance at $0.21, with weak derivatives activity tempering momentum. The meme coin's struggle to maintain altitude contrasts with broader market enthusiasm.

XRP Price Climbs Amid Declining Volume as Market Cap Nears $180 Billion

Ripple's XRP edged higher to $3.03 Tuesday, marking a 1.23% gain despite a 2.15% drop in trading volume. The token's $5.55 billion daily turnover suggests weakening trader interest, though its weekly performance remains positive with a 4.03% advance.

Market capitalization now stands at $179.69 billion as XRP outperforms major losers including Toncoin and Bonk. The divergence between price action and volume signals caution, though exchange listings continue to provide structural support across crypto markets.

LTC Surges 8% Amid Broad Market Pullback as BTC Faces Resistance at $116K

Bitcoin's recovery stalled NEAR the $116,000 level, slipping back to $114,000 after failing to sustain momentum. The retreat follows last week's volatility triggered by the Federal Reserve maintaining interest rates, with BTC briefly dipping to three-week lows around $112,000.

Litecoin defied the broader altcoin downturn with an 8.5% rally to $120, while TON and ENA led losses among major cryptocurrencies. Market capitalization dipped to $2.27 trillion as Bitcoin's dominance slipped below 60%.

The crypto market continues showing divergent strength, with LTC's outperformance highlighting selective capital flows during periods of BTC consolidation. Traders appear to be rotating into assets showing relative strength against the dominant market trend.

Solana and Litecoin Struggle as Remittix Surges 496% in Crypto Shakeup

Solana and Litecoin face mounting pressure as emerging DeFi project Remittix steals market attention with a staggering 496% rally. The newcomer's real-world payment utility and rapid adoption highlight shifting investor priorities in the crypto sector.

Solana shows institutional interest with futures volume spiking 252% to $8.1 billion, yet fails to break key resistance between $192-$195. The SOL price stagnates at $161 despite bullish technical indicators, leaving traders awaiting clearer signals.

Litecoin's recent halving fails to generate sustained momentum, with LTC hovering near $106. Market participants increasingly view both established assets as lagging behind innovative alternatives gaining traction in 2025's competitive landscape.

Litecoin Climbs To Second Place In Crypto Payment Rankings With 14.5% Share, Surpasses Ethereum

Litecoin has emerged as the second-most-used cryptocurrency for payments, capturing 14.5% of transactions in July, according to data from payment processor CoinGate. The digital asset surpassed stablecoins USDC (14%) and USDT (12.2%), trailing only Bitcoin's dominant 22.9% share. This marks a significant shift in merchant adoption patterns, with Litecoin's technical advantages—faster transactions and lower fees—driving its utility beyond speculative trading.

Merchant comfort with crypto settlements has surged, jumping from 27% in 2024 to 40.9% in the first half of 2025. CoinGate's rankings, based on actual transaction volumes, highlight Tron (12.9%) and Tether (12.2%) rounding out the top five. Despite ranking 19th by market capitalization, Litecoin's blockchain architecture positions it as a pragmatic choice for payment processing, reflecting broader maturation in digital asset usability.

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