The post Litecoin (LTC) Price Surges to $125 as Institutional Interest and ETF Hopes Drive 25% Weekly Rally appeared on BitcoinEthereumNews.com.

Rebeca Moen
Aug 09, 2025 05:23

LTC trades at $124.99 (+3.82% in 24h) following MEI Pharma’s $100M investment and growing ETF speculation, with technical indicators showing overbought conditions.

Quick Take • LTC currently trading at $124.99 (+3.82% in 24h) • Litecoin’s RSI at 70.79 signals overbought conditions with potential for consolidation • $100 million institutional purchase by MEI Pharma and ETF speculation drive recent surge What’s Driving Litecoin Price Today? The LTC price has experienced remarkable momentum over the past week, with the most significant catalyst being the August 7th announcement of MEI Pharma’s $100 million Litecoin purchase. This institutional investment, combined with growing optimism around potential ETF approvals, drove Litecoin’s price up 25% to $129 before settling near current levels. Earlier this week, Litecoin technical analysis revealed a breakout from a three-year consolidation pattern, coinciding with the cryptocurrency’s rise to become the second most-used digital asset for payments on CoinGate. This adoption milestone validates Litecoin’s utility as a payment solution and has attracted additional institutional attention. The August 4th halving event continues to provide fundamental support for the LTC price, as the reduced mining rewards create supply constraints that historically lead to price appreciation. Short position liquidations totaling $3.89 million have also contributed to the bullish momentum, forcing bearish traders to cover their positions. LTC Technical Analysis: Overbought Signals Emerge Litecoin’s RSI currently sits at 70.79, indicating overbought conditions that suggest a potential short-term consolidation or pullback. However, the overall trend remains strongly bullish, with the LTC price trading well above all major moving averages. The Litecoin MACD shows continued bullish momentum with a positive histogram of 0.7587, while the MACD line remains above its signal line. Litecoin’s price position within the Bollinger Bands at 0.9374 indicates proximity to the upper…

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Filed under: News - @ August 10, 2025 1:22 am