LTC Surges to New Heights: Record Open Interest Signals Bullish Momentum Toward $120

Litecoin (LTC) has achieved a milestone with its open interest soaring to an unprecedented $761 million, reflecting strong trader confidence. Currently ranked 21st by market capitalization at $7.6 billion, LTC is exhibiting bullish momentum as it breaks through key resistance levels. Notably, over 50% of LTC addresses are now in profit—a psychological threshold that has historically preceded significant price rallies. Analysts are optimistic, projecting a potential rise to $120, driven by growing activity in the futures market. As of July 19, 2025, the cryptocurrency's trajectory suggests a promising outlook for investors.

Litecoin Sets New Open Interest Record Worth $761,000,000, LTC To $120?

Litecoin's open interest has surged to a record $761 million, signaling heightened trader confidence. The cryptocurrency, now ranked 21st by market cap at $7.6 billion, shows bullish momentum as it breaks key resistance levels.

Over 50% of LTC addresses are now in profit—a critical psychological threshold that historically precedes price rallies. Analysts project a potential climb to $120, citing growing futures market activity and improving network fundamentals.

The 6.7% daily increase in open interest represents 7.63 million LTC committed to futures contracts. Such liquidity influx typically correlates with sustained price movements, though volatility remains likely during consolidation periods.

Litecoin Hits $112 Peak, Can Momentum Drive Price Toward $125 Mark?

Litecoin surged past $100 for the first time in nearly two months, reaching a peak of $112 amid renewed bullish momentum. Open Interest hit a record $761 million, signaling strong investor confidence and heightened market activity.

The cryptocurrency now faces a critical resistance level at $110, where sell orders have accumulated. Analysts note this barrier combines psychological and technical factors, with profit-taking currently capping further gains. A decisive breakout could propel LTC toward $125 and potentially $140 targets.

Trading at $104 on Friday, Litecoin's recovery follows an extended consolidation period. The price action aligns with strengthening technical indicators across timeframes, suggesting sustained upward potential if key levels are breached.

Litecoin Price Eyeing Ultra Bullish Breakout As Whale Interests Peak

Litecoin's long-term prospects are gaining attention following a strategic move by MEI Pharma, a Nasdaq-listed pharmaceutical company. The firm has allocated $100 million to add Litecoin to its corporate treasury, marking a significant milestone for the cryptocurrency. Titan Partners Group and crypto investment firm GSR are backing the initiative, with the Litecoin Foundation also participating as an investor.

The announcement, made on July 18, underscores Litecoin's growing institutional appeal. MEI Pharma's decision aligns with broader trends of cryptocurrency integration into corporate finance. Notably, Litecoin creator Charlie Lee has joined the company's Board of Directors, further solidifying the partnership.

This development positions Litecoin alongside other top altcoins like ethereum and XRP, which are already embedded in various corporate treasuries. The $100 million commitment highlights institutional confidence in Litecoin's value proposition and long-term potential.