#Litecoin
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Added to the Treasury
• MEI Pharma acquired 929,548 LTC ($100M) at an average of $107.58, becoming the first public company to adopt Litecoin as a treasury reserve
• The price rose by 10% reaching a range of $121-128 after the announcement
• Despite an overbought RSI (>80), buying pressure remains strong
• Key resistance levels at $131 and $144.56; support at $110 and $108
Market Catalysts
• Speculation on Litecoin ETFs continues, with an approval probability of 80-90% despite the SEC delay until October 2025
• LTC captured 14.5% of crypto payments from CoinGate in July, surpassing major stablecoins
• Hyper Bit Technologies plans to deploy mining equipment in the fourth quarter of 2025, which could strengthen network security