Hold on to your seats because the granddaddy of cryptos, Litecoin, is up to something and could explode! 🚀 The creator, Charlie Lee, is not messing around and has just dropped a bomb: a giant pharmaceutical company listed on NASDAQ, Mei Pharma, invested over $100 million dollars! And they didn’t buy Bitcoin or Ethereum! 🤯
The move is on fire! 🌶️ The news is that big companies, the so-called 'institutional' ones, are looking at Litecoin (LTC) with dollar signs in their eyes. And it's no joke, none other than Charlie Lee, the father of LTC, came out to say that Mei Pharma, a pharmaceutical company listed on the U.S. stock market, bought over $100 million dollars in Litecoin. 🤯 Yes, you read that right! They set aside the big guys like Bitcoin and Ethereum to bet on LTC.
But it doesn't stop there. Lee also revealed that another twelve treasury companies from various countries are asking about Litecoin. This, my people, is a clear sign that the crypto is gaining serious momentum.
And why all the fuss? Because if more big companies jump on the Litecoin bandwagon, that could unleash a massive wave of liquidity.
It's as if a dam has opened and the money is flowing non-stop. And the juiciest gossip of the moment is that the likelihood of a Litecoin ETF being approved has risen from 65% to 83% in the last few hours. This could be the rocket LTC needs to take off once and for all!
The coin is already feeling it. The price of LTC has risen 25% in a week, reaching up to $129.
But watch out! A crypto analyst detected a 'bearish divergence,' which is like a warning that the price could pull back a bit. Despite that, big investors, the 'whales,' seem to keep buying, giving hope that LTC can break through that historic barrier of $140.$LTC $BTC
