The post Litecoin Surges 40 Percent in a Month. Here’s Why appeared on BitcoinEthereumNews.com.

Litecoin just saw its strongest price spike in months, and it’s not hard to see why. A powerful mix of speculative energy, corporate action, and ETF optimism has lit a fire under LTC, pushing it to a five-month high of $128.40. But is this LTC price momentum sustainable, or is the market getting ahead of itself? Let’s break it down. Litecoin Price Prediction: What’s Driving the Price Surge? First, the numbers. Litecoin is up over 41 percent this month and nearly 6 percent in the past 24 hours alone. As of now, it’s holding around $123, giving it a market cap close to $9.4 billion. That move isn’t random. It comes right after two major catalysts. The big one? MEI Pharma raised $100 million—not for R&D, not for expansion, but to become a Litecoin treasury firm. That’s a massive bet on LTC from a publicly listed pharmaceutical player, and it’s sending a strong message to the broader market: Litecoin isn’t just for payments anymore, it’s a corporate asset. Then there’s the ETF speculation. While prediction platform Polymarket places the odds of a Litecoin ETF approval this year at 83 percent, competing platforms like Myriad show users expect XRP to beat Litecoin to the finish line. Regardless, multiple filings from Canary Capital, Grayscale, and CoinShares suggest the race is on. The fact that these institutions are even in the conversation is enough to inject serious momentum. What the LTC Price Chart Says? LTC/USD Daily Chart- TradingView Looking at the TradingView daily chart, LTC broke above both the midline and upper band of the Bollinger Bands, which typically signals an overbought yet strong bullish condition. It’s riding above the 20-day moving average comfortably, and the Heikin Ashi candles show clear bullish continuity after a minor pullback. That pullback after hitting $128.40 wasn’t…

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Filed under: News - @ August 5, 2025 3:26 pm