TL;DR<\/strong><\/p>\n Litecoin (LTC) is among the few leading cryptocurrencies well in the green on a daily scale. Currently, it trades at approximately $124, representing a 41% increase over the past month.<\/span><\/p>\n Its positive performance coincides with the actions of MEI Pharma, which recently <\/span>acquired<\/span><\/a> 929,548 LTC at an average price of $107.58, establishing a treasury position valued at over $110 million. <\/span><\/p>\n Thus, the pharmaceutical company became the first US-listed public firm to adopt Litecoin as a primary reserve asset. <\/span>The strategic move was developed<\/span> in partnership with GSR and with guidance provided by Charlie Lee (creator of the crypto project).<\/span><\/p>\n \u201cLitecoin has long embodied sound, scalable, and decentralized money. By initiating this strategy, MEI is taking a clear, institutional step forward that recognizes Litecoin\u2019s role as both a reserve asset and an integral part of global financial systems,\u201d Lee stated.\u00a0<\/span><\/p>\n<\/blockquote>\n Several analysts have noted the positive price performance of LTC, seeing this as the beginning of a <\/span>major<\/span> rally. X user Crypto Dios <\/span>claimed<\/span><\/a> the cryptocurrency \u201cis showing the same setup we saw before its 5x run in 2020.\u201d<\/span><\/p>\n Lucky, who has over 2.2 million followers on X, <\/span>forecasted<\/span><\/a> a potential spike to almost $150 in the short term, while Rain set a similar target.<\/span><\/p>\n Litecoin has been on a strong rise since April.<\/p>\n Now trading above $120 at a critical level. $150 is the nearest target, with big moves likely to come. Volume and momentum pick up$LTC<\/a> is showing more strength than many altcoins.<\/p>\n Time to return to all time highs is near. pic.twitter.com\/uPsHWfTLb1<\/a><\/p>\n \u2014 Rain (@raintures) August 5, 2025<\/a><\/p>\n<\/blockquote>\n Despite the aforementioned optimism from the analysts, LTC\u2019s Relative Strength Index (RSI) suggests a pullback might be incoming. <\/span><\/p>\n The technical analysis tool measures the recent speed and magnitude of price changes to help traders spot potential reversal points. <\/span>Readings above 70 signal that the asset is overbought and <\/span>could<\/span> be due for correction, while <\/span>anything<\/span> below 30 <\/span>is<\/span> considered a buying opportunity.<\/span> Currently, the RSI stands at around 71.\u00a0<\/span><\/p>\n Next on the list is LTC\u2019s exchange netflow. Over the last three days, inflows have surpassed outflows, indicating a shift from self-custody methods toward centralized platforms. <\/span>This<\/span>, in turn, increases the immediate selling pressure. LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
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The Next Targets<\/h2>\n
![\"LTC](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/LTC_CB.jpg\")
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Observing Some Indicators<\/span><\/h2>\n
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