LTC Soars as ETF Approval Odds Hit 95%: Institutional Demand Fuels 14% Rally

Litecoin (LTC) has surged 14% to $127, driven by growing optimism around a potential ETF approval in 2025. Bloomberg analysts estimate a 95% likelihood of an LTC ETF, sparking significant institutional interest. Adding to the bullish sentiment, Meidai Pharma has allocated $100 million to Litecoin, further cementing its role as a corporate treasury asset. The broader crypto market also saw gains, rising 1% to $3.74 trillion, with major altcoins contributing to the upward momentum. This rally underscores Litecoin's growing prominence in the digital asset space, as both institutional and corporate investors increasingly recognize its value.

Litecoin Surges 14% Amid ETF Optimism and Institutional Interest

Litecoin (LTC) has emerged as one of the top-performing altcoins, rallying 14% to $127 amid growing speculation about a potential ETF approval in 2025. Bloomberg analysts peg the likelihood of an LTC ETF at 95%, fueling institutional demand. Meidai Pharma's $100 million allocation further validates Litecoin's role as a corporate treasury asset.

The broader crypto market gained 1% to $3.74 trillion, with major altcoins like ethereum (ETH) and Solana (SOL) also advancing. Litecoin's outperformance stems from unique catalysts, including its impending halving event and increasing adoption for payments. The coin now eyes a retest of its yearly high near $140, with some traders targeting long-term resistance above $200.

Market momentum mirrors gains in equities, suggesting renewed risk appetite. While regulatory clarity benefits the entire sector, Litecoin's combination of ETF potential and real-world utility sets it apart from peers. The coming weeks will test whether LTC can sustain its 47% monthly gain as traders weigh macroeconomic factors against crypto-specific developments.

Bitcoin Price To Hit $136K In August? Whales Buy Litecoin and Remittix

Bitcoin's resurgence dominates crypto discussions as analysts project a potential surge to $136,000 by August. The rally stems from renewed ETF interest and substantial whale accumulation, with $111,000 emerging as a critical support level. Ali Martinez notes a breakdown below this threshold could see Bitcoin testing the $90,000 demand zone.

While Bitcoin leads the charge, altcoins aren't being left behind. Litecoin shows particularly strong signals, with whale activity spiking to over 100 million LTC transacted daily. The formation of a golden cross on weekly charts suggests growing momentum, with technical setups pointing toward a $141 trigger zone.

The market rotation reveals sophisticated capital allocation strategies, as major investors diversify beyond bitcoin into select altcoins with strong fundamentals. This shift coincides with the emergence of new PayFi projects gaining traction through real-world utility and adoption potential.

BIT Mining Makes Strategic $5M Solana Bet with Validator Launch

BIT Mining Ltd. has executed its first major move into the Solana ecosystem, acquiring 27,191 SOL tokens worth $4.89 million while simultaneously launching an in-house validator node. The Nasdaq-listed company confirms this positions SOL as its core treasury asset, with plans to liquidate existing Bitcoin, Litecoin, and Dogecoin holdings to fund further accumulation.

The validator launch reveals BIT Mining's dual strategy: capital appreciation through SOL ownership combined with active participation in network consensus. Public companies now collectively hold approximately 3.4 million SOL, reflecting growing institutional validation of Solana's proof-of-stake model. This pivot follows the firm's July announcement of a planned $300 million fundraising initiative dedicated to SOL acquisitions.