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LTC and the Resurgence of Legacy Cryptocurrencies: A Bullish Signal for the Market

LTC and the Resurgence of Legacy Cryptocurrencies: A Bullish Signal for the Market

Author:
LTC News
Published:
2025-07-21 00:23:37
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[TRADE_PLUGIN]LTCUSDT,LTCUSDT[/TRADE_PLUGIN]

Tezos (XTZ) has recently experienced a dramatic surge, gaining over 55% in just 24 hours, as part of a broader rally among older digital assets, often referred to as 'dino coins.' This resurgence comes on the heels of XRP's new all-time high of $3.65 on July 16, 2025, signaling renewed investor interest in legacy cryptocurrencies. Tezos, a Layer-1 protocol from the 2018 era, has made a notable comeback, reclaiming its position among the top cryptocurrencies by market cap. The trading volume and price action suggest a bullish trend for these established assets, potentially paving the way for similar movements in other legacy coins like Litecoin (LTC). This development highlights the cyclical nature of the crypto market and the enduring value of early blockchain projects.

Tezos Surges 55% as 'Dino Coins' Rally Following XRP's All-Time High

Tezos (XTZ) has emerged as the latest legacy cryptocurrency to post dramatic gains, soaring over 55% in 24 hours amid a broader rally among older digital assets. The move comes as XRP, another so-called 'dino coin,' recently set a new all-time high of $3.65 on July 16.

The XTZ surge marks a notable comeback for the 2018-era Layer-1 protocol, which once ranked among the top 10 cryptocurrencies by market cap. Trading volume exceeded $1.2 billion during the rally - matching Tezos' entire market capitalization - suggesting strong institutional interest in established projects.

While ethereum tests the $4,000 level and Bitcoin consolidates below $120,000, the market appears to be rotating into overlooked assets like Tezos, Litecoin, and XRP. These moves historically precede broader bull runs, with investors diversifying beyond blue-chip tokens.

Litecoin Breakout Imminent? Bullish Signals Point to $200 and Beyond

Litecoin (LTC) surged 4.7% to $117, accompanied by a 75% spike in daily trading volume, as it retests a critical resistance zone. The Relative Strength Index (RSI) at 66.54 and MACD hovering above zero signal sustained bullish momentum, with analysts eyeing a potential rally toward $200–$500 if LTC closes decisively above $117.

Market activity surged to $2 billion, reflecting heightened trader interest. crypto Patel notes LTC’s 140% gain since its $55 base, with a breakout likely to fuel further upside. Technical indicators suggest room for growth before overbought conditions emerge.

MEI Pharma Allocates $100 Million to Litecoin for Corporate Treasury Use

MEI Pharma has made a bold $100 million investment in Litecoin, signaling a strategic shift toward cryptocurrency adoption in corporate finance. The biopharmaceutical company, advised by Titan Partners Group and GSR, positions LTC as a viable option for payroll and treasury management—leveraging its low transaction fees and rapid settlement times.

Litecoin founder Charlie Lee's appointment to MEI's board underscores the seriousness of this initiative. His involvement suggests a concerted effort to build institutional-grade crypto payment infrastructure. While volatility and regulatory hurdles remain challenges, this MOVE could catalyze broader adoption among fintech firms seeking efficient capital movement.

The investment shines a new light on Litecoin's utility beyond peer-to-peer transactions. Once overshadowed by Bitcoin and Ethereum, LTC's technical advantages are gaining recognition among enterprises prioritizing operational efficiency in digital asset deployments.

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