Position management is crucial due to overbought conditions.

#Litecoin
💣💣🔥🔥

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
$LTC