Litecoin Surges 41 Percent on Corporate Investment and ETF Hopes

Litecoin has experienced a significant price rally of over 41 percent in the past month, reaching a five-month high of $128.40 and currently trading around $123, with a market cap of nearly $9.4 billion. This surge has been attributed to a combination of speculative trading, corporate investment, and the growing anticipation of a potential ETF approval [1].

A key factor in the recent price movement was the unexpected investment by MEI Pharma, a publicly listed pharmaceutical firm, which raised $100 million to become a Litecoin treasury company. This move has sent a strong signal to the market that Litecoin is evolving from a mere payment tool into a recognized corporate asset [1].

Alongside corporate interest, the possibility of an ETF listing for Litecoin has also contributed to the bullish trend. According to prediction platform Polymarket, the probability of a Litecoin ETF being approved this year is 83 percent. While some analysts believe XRP may secure an ETF approval before Litecoin, the sheer number of ETF applications from firms like Canary Capital, Grayscale, and CoinShares suggests growing institutional interest [1].

From a technical perspective, Litecoin’s price action on the daily chart indicates strong bullish momentum. On TradingView, LTC has broken above the upper Bollinger Band and the 20-day moving average, with clear bullish continuity seen in Heikin Ashi candle patterns. The recent pullback from $128.40 appears to be a healthy consolidation rather than a reversal, and the price has since reclaimed the upper band, reinforcing the bullish outlook [1].

Analysts suggest that if Litecoin can close above $125 in the coming sessions, it may test the $135–$140 range, with $150 representing a key psychological level. On the downside, support is expected to hold around $110, with a breakdown below $105 signaling a potential reversal of the current trend [1].

The recent price action appears to be fueled not only by ETF speculation but also by real-world demand. Litecoin has captured 14.5 percent of crypto payments via CoinGate, reinforcing its position as a leading digital currency for transactions. Meanwhile, the MEI Pharma treasury investment could represent a more sustainable long-term catalyst compared to the transient nature of ETF rumors [1].

Looking ahead, market participants should closely monitor SEC developments on ETF filings, further corporate announcements related to Litecoin treasury allocations, and any major payment platforms that may adopt the asset. If these signals continue to strengthen, this rally may mark the beginning of a more structural upward trend rather than a short-term speculative surge [1].

Source: [1] Litecoin Surges 40 Percent in a Month. Here’s Why (https://cryptoticker.io/en/litecoin-surges-40-percent-in-a-month-heres-why/)