๐จ *JUST IN: ๐บ๐ธ Publicly traded MEI Pharma launches 100 million Litecoin (LTC) treasury strategy* ๐ผ๐ฐโก
This is a *major milestone* for Litecoin and for crypto adoption by traditional finance.
๐ง What it means:
- *MEI Pharma*, a Nasdaq-listed company, is allocating 100M of its treasury into *Litecoin*, signaling growing trust in LTC as a long-term store of value.
- Similar to how Tesla and MicroStrategy embraced Bitcoin, MEI is betting on *Litecoinโs resilience, speed, and low fees* to preserve and grow their capital.
๐ Why Litecoin?
- โ One of the oldest, most secure proof-of-work blockchains
- ๐ธ Fast transaction speeds + low fees = solid for payments
- ๐ช Capped supply of 84 million โ similar to Bitcoin in structure
- ๐๏ธ Now gaining *institutional exposure*, which was rare until now
๐ฎ Predictions Market Outlook:
- This move could spark a *new wave of corporate treasury investments* into Litecoin, especially from mid-cap firms looking for Bitcoin alternatives.
- Expect *short-term price momentum* and *renewed media attention* on LTC.
- Could trigger *increased LTC liquidity* on major platforms and *more integration in fintech/payment apps*.
๐ Potential Targets (if momentum continues):
- *TP1:*112
- *TP2:* 128
- *TP3:*145
- *SL:* $95 (tight invalidation zone)
๐ข This kind of *mainstream validation* may mark the start of a *Litecoin renaissance*. Keep your eyes on LTC in this cycle. ๐ง ๐๐ช
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