Is There More Room for Growth?

TL;DR

• LTC witnessed a considerable value uptick, fueled by MEI Pharma’s $110 million buy of Litecoin tokens.
• Whereas analysts foresee a rally towards $150 and past, technical indicators such because the rising RSI and elevated change inflows counsel {that a} potential short-term correction could also be in play.

The Subsequent Targets

Litecoin (LTC) is among the many few main cryptocurrencies properly within the inexperienced on a day by day scale. At the moment, it trades at roughly $124, representing a 41% improve over the previous month.

Its optimistic efficiency coincides with the actions of MEI Pharma, which lately acquired 929,548 LTC at a median value of $107.58, establishing a treasury place valued at over $110 million.

Thus, the pharmaceutical firm grew to become the primary US-listed public agency to undertake Litecoin as a major reserve asset. The strategic transfer was developed in partnership with GSR and with steering offered by Charlie Lee (creator of the crypto mission).

“Litecoin has lengthy embodied sound, scalable, and decentralized cash. By initiating this technique, MEI is taking a transparent, institutional step ahead that acknowledges Litecoin’s position as each a reserve asset and an integral a part of world monetary programs,” Lee said. 

A number of analysts have famous the optimistic value efficiency of LTC, seeing this as the start of a main rally. X person Crypto Dios claimed the cryptocurrency “is exhibiting the identical setup we noticed earlier than its 5x run in 2020.”

Fortunate, who has over 2.2 million followers on X, forecasted a possible spike to nearly $150 within the quick time period, whereas Rain set the same goal.

Litecoin has been on a powerful rise since April.

Now buying and selling above $120 at a vital degree. $150 is the closest goal, with massive strikes prone to come. Quantity and momentum choose up$LTC is exhibiting extra energy than many altcoins.

Time to return to all time highs is close to. pic.twitter.com/uPsHWfTLb1

— Rain (@raintures) August 5, 2025

Observing Some Indicators

Regardless of the aforementioned optimism from the analysts, LTC’s Relative Energy Index (RSI) suggests a pullback could be incoming.

The technical evaluation software measures the current pace and magnitude of value modifications to assist merchants spot potential reversal factors. Readings above 70 sign that the asset is overbought and might be due for correction, whereas something beneath 30 is thought-about a shopping for alternative. At the moment, the RSI stands at round 71. 

Subsequent on the checklist is LTC’s change netflow. Over the past three days, inflows have surpassed outflows, indicating a shift from self-custody strategies towards centralized platforms. This, in flip, will increase the instant promoting stress.