LTC Surges Past $100: Record Open Interest Signals Bullish Momentum

Litecoin (LTC) has achieved a significant milestone by breaking through the $100 resistance level, closing at $104.95 on July 18, 2025. This surge comes after weeks of consolidation between $82 and $96, reflecting strong buying pressure and a bullish shift in market sentiment. The cryptocurrency's open interest in futures contracts has also reached an all-time high of $761 million, indicating heightened participation from both institutional and retail investors. Technical analysis suggests that this breakout could pave the way for further gains, potentially marking the beginning of a sustained rally for LTC.

Litecoin Breaks $100 as Open Interest Hits Record $761M, Signaling Potential Rally

Litecoin surged past the $100 resistance level, closing at $104.95 on July 18, 2025, marking a significant milestone after weeks of consolidation between $82 and $96. The breakout reflects strong buying pressure and a bullish shift in market sentiment.

Open interest in Litecoin futures reached a record $761 million, underscoring growing institutional and retail participation. Technical analysis suggests the cryptocurrency has cleared the key Fibonacci retracement level at $100.32, with next resistance points at $107.60 and $112.25. Analysts project a potential rally toward $130 if momentum sustains.

The surge coincides with broader altcoin season gains, though short-term pullbacks remain likely. Market participants are watching whether Litecoin can maintain its position above the psychologically important $100 level as a confirmation of continued upward trajectory.

Litecoin Surges 9.7% as ETF Optimism and Halving Hype Drive Bullish Momentum in July 2025

Litecoin has surged 9.7% to $112.07, fueled by growing Optimism around a potential U.S. ETF approval and anticipation of its upcoming halving event. Bloomberg analysts now assign a 95% probability to ETF approval in the second half of 2025, a development that could unlock significant institutional capital.

Technical indicators show strong bullish momentum, though overbought conditions suggest caution may be warranted. The halving event, expected to reduce supply, is further amplifying positive sentiment among traders and investors.

Despite selling pressure from large holders, Litecoin's price action demonstrates resilience as market participants position for what could be a transformative period for the cryptocurrency.

MEI Pharma Makes $100M Litecoin Treasury Bet, First in Biotech Sector

MEI Pharma has become the first publicly traded biotech firm to allocate its treasury exclusively to Litecoin, injecting $100 million into the cryptocurrency. The Nasdaq-listed company's bold MOVE sent its stock soaring 83%, while LTC gained 12% on the news.

Charlie Lee, Litecoin's creator, joins MEI's board to oversee the unprecedented strategy. "This partnership finally brings Litecoin's mission into an institutional framework," Lee stated. crypto market maker GSR will serve as digital asset advisor for the treasury position.

The announcement triggered ripple effects across crypto markets. Mining firm Luxxfolio doubled its LTC reserves, betting on growing institutional adoption. Litecoin's price action outpaced both Bitcoin and ethereum following the news.