Litecoin (LTC) Rockets by 40%: Will the Party Keep Going or Is the Crash Imminent?

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TL;DR

  • LTC has experienced a nice little bump, courtesy of MEI Pharma’s $110 million shopping spree for Litecoin tokens.
  • While some folks are predicting a ride up to $150, the technical charts are whispering about a possible dip before the next rocket launch.

The Next Targets

Well, well, well, Litecoin (LTC) is one of the few cryptos that seems to be having a good day, trading at about $124 and looking pretty smug with a 41% increase over the last month.

What’s driving this rollercoaster? MEI Pharma decided to splurge on 929,548 LTC at an average price of $107.58, making their stash worth over $110 million. The pharmaceutical company is now the first U.S.-listed firm to treat Litecoin like their go-to savings account. Talk about having a crypto midlife crisis!

And they didn’t go it alone-MEI joined forces with GSR and got a little advice from none other than Charlie Lee, the godfather of Litecoin. He’s been saying for years that Litecoin is like the Swiss Army knife of digital money. Maybe he’s on to something?

“Litecoin has long embodied sound, scalable, and decentralized money. By initiating this strategy, MEI is taking a clear, institutional step forward that recognizes Litecoin’s role as both a reserve asset and an integral part of global financial systems,” Lee stated.

Some analysts are practically drooling over the price action of LTC, calling this the start of something big. Crypto Dios from X claimed that LTC is following the same pattern it did before its 5x surge in 2020. You know, no big deal, just a five-fold jump, right?

And then there’s Lucky, who has more followers than most people have socks, forecasting that LTC could hit $150. His fanbase of 2.2 million on X is waiting with bated breath.

Litecoin has been on a strong rise since April.

Now trading above $120 at a critical level. $150 is the nearest target, with big moves likely to come. Volume and momentum pick up$LTC is showing more strength than many altcoins.

Time to return to all time highs is near.

– Rain (@raintures) August 5, 2025

Observing Some Indicators

Now, hold on to your hats, folks. Despite all the hype, LTC’s Relative Strength Index (RSI) is flashing a warning. This fancy little number is like a canary in the coal mine for traders, letting them know when things are about to go south. If it goes above 70, the coin might be a little too hot to handle. And guess what? It’s currently sitting at 71. Uh-oh.

Next up is LTC’s exchange netflow. Over the past three days, more LTC has been flowing onto exchanges than leaving. Translation: people are looking to cash in, which means there could be some sell-offs coming soon. It’s like a party where the drinks are flowing, but the music’s about to stop.

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2025-08-05 18:55