LTC Properties' 15min chart shows expanding upward Bollinger Bands, bullish Marubozu.

The 15-minute chart for LTC Properties has recently exhibited a notable trend, as indicated by the expansion of the Bollinger Bands upwards and the presence of a bullish Marubozu candle at 08/07/2025 12:15. This suggests that the market is being driven by strong buying pressure, which is indicative of a bullish momentum that is likely to persist.

Litecoin ($LTC) has surged 3% to $122, driven by speculation around a potential spot Litecoin ETF and expanding decentralized finance (DeFi) integration. The cryptocurrency, known for its quick transaction times and low fees, is experiencing increased institutional interest and broader adoption.

The recent price movement is supported by robust fundamentals, including a growing network of users and businesses adopting Litecoin for daily transactions. According to July data, Litecoin is the second most-used digital asset for transactions, trailing only Bitcoin. The cryptocurrency's block time of 2.5 minutes and low transaction fees make it an attractive option for point-of-sale payments and daily transactions.

In addition to its payment-focused applications, Litecoin's involvement in DeFi is also gaining traction. The Total Value Locked (TVL) in DeFi projects using Litecoin has reached $2.96 million, indicating a growing interest in the asset for financial services. Furthermore, over 164,000 Litecoin tokens are now held in MWEB addresses, which offer enhanced privacy features.

Several factors are contributing to the bullish sentiment surrounding Litecoin. For instance, California-based pharmaceutical company MEI Pharma recently allocated $100 million to Litecoin as part of its corporate treasury strategy. Additionally, speculation around a spot Litecoin ETF is gaining traction, with analysts putting the odds of approval at 90% by 2025. Although the SEC has delayed its decision on Grayscale’s application until October, such procedural steps are common and not necessarily negative.

Looking ahead, analysts are eyeing a price range of $160 to $170 in the short term. However, the market's current trend is characterized by a cooling-off phase near $123–$124, as indicated by the 1-hour chart. Despite this, buyers are still defending the $122.50–$123.00 region with decent absorption, suggesting that the bullish momentum may persist.

In conclusion, Litecoin's recent performance reflects a combination of strong fundamentals, growing institutional interest, and expanding DeFi integration. While the market is experiencing a cooling-off phase, the overall trend remains bullish, with analysts predicting further price appreciation in the short term.

References:
[1] https://cryptorank.io/news/feed/cf8b6-ltc-hits-123-98-amid-etf-buzz-and-defi-expansion-is-170-in-view