Litecoin Surges Above $117 as ETF Approval Odds Hit 95% and MEI Pharma Adds $100M Treasury

Fast

• LTC, currently traded at $ 117.13 (+5.35% in 24 hours) • Litecoin’s RSI is overbought territory at 83.84, indicating a strong bullish momentum • May Pharma’s $ 100 million Treasury FUEL RALLY and 95%

What drives Litecoin price today?

The LTC price die is mainly powered by two large catalysts who were created during the weekend. NASDAQ-Genten Pharmaceutical Company Mei Pharma announced a groundbreaking strategy of $ 100 million Litecoin Treasury on 18 July, with litecoin maker Charlie Lee joined the company’s board of directors. This institutional adoption is one of the largest litecoin assignments to date.

By adding fuel to the rally, Bloomberg analysts projected a probability of 95% on SEC goods inspection for a litecoin ETF by October 2025. This development reported on July 17, has repaired the institutional interest in LTC as a potential investment vehicle. The combination of the adoption of companies and the optimism of the regulations has created a perfect storm for the recent Litecoin price action.

The upcoming Halving event will continue to anticipate traders, with an increased Defi integration providing extra fundamental support for the LTC prize process.

LTC Technical analysis: Overbought signals arise

Litecoin technical analysis reveals extremely bullish momentum, although caution flags are on the rise. The LTC RSI lecture of 83.84 indicates serious over-bought conditions, which suggests that potential for consolidation or withdrawal in the short term. However, the strong MacD lecture of 6,5579 with a positive histogram of 2,6681 confirms the long -term bullish momentum.

The Litecoin price action shows strength over several timetables, where the current level is well above the most important advancing averages. The LTC/USDT pair acts considerably above SMA 20 by $ 95.94 and SMA 50 for $ 90.07, indicating a strong upward continuation of the uprising. The position of Bollinger tires shows Litecoin at 1,0589, which means that LTC is traded above the top tire resistance at $ 114.90, which usually indicates an extensive price action.

The stochastic indicators ( %K at 87.93, %D at 90.32) further confirm overbought conditions, which suggests that traders should check for possible reversal signals in the coming sessions.

Litecoin -Price levels: important support and resistance

On the basis of Binance Spot Market -data is created critical litecoin -support levels at $ 82.97 for immediate support, with stronger support anchored for $ 76.17. These levels correspond to previous consolidation zones and represent attractive access points for DIP buyers.

At the top, LTC resistance stands for immediate challenges at $ 121.47, which coincides with the 24-hour peak. Breaking this level could propel Litecoin to the 52 weeks high from $ 137.04, which represents around 17% upward potential of the current levels.

The pivot point at $ 116.51 serves as an important decision level for intraday traders. Holding above this level retains bullish bias, while failure can cause profit in the direction of the immediate support zone.

Do you have to buy LTC now? Risk-willing analysis

For aggressive traders, the current setup offers a mandatory potential despite overbought conditions. The fundamental background of ETF approval from the approval and acceptance of companies offers strong catalysts for persistent price rating. However, the increased LTC RSI suggests that waiting for a withdrawal to a range of $ 110-112 can offer better risk-corrected entries.

Conservative investors must take into account the average of the dollar costs given the volatile nature of the current movement. The range of $ 82-85 represents an attractive accumulation zone for longer-term positions, and offers around 30% downward buffer of the current levels.

Swing traders can consider taking the partial profit near the resistance of $ 121.47 while retaining core positions for potential ETF approval catalysts. Risk management becomes crucial on these extensive levels, with stops below $ 110 that protects against momentum shifts.

Data note

All technical indicators and volume data are derived from Binance Spot market analysis, with a robust $ 196.8 million in 24-hour trade volume to support the current price promotion.

Conclusion

The outbreak of Litecoin above $ 117 reflects real fundamental improvements instead of only speculative momentum. Although the overboughteconditions are careful in the short term, the combination of institutional adoption via May Pharma and High ETF creates a mandatory bullish story. Traders must keep a close eye on the resistance level of $ 121.47 during the next 24-48 hours, because a decisive break could focus on the $ 130-135 zone prior to potential ETF developments in October.

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