🚀 Litecoin Rockets 14%: ETF Hype & Market Frenzy Fuel LTC’s Charge Toward $140

Litecoin's price action just got a double-shot of adrenaline—ETF speculation meets bullish momentum, and traders are piling in.

The ETF Effect Strikes Again

Wall Street’s favorite crypto playbook—rumor-driven rallies—is back in action. This time, Litecoin catches the wave as whispers of a potential ETF send LTC holders into euphoria. Never mind that the SEC hasn’t blinked; the market’s already pricing in diamond hands.

Follow the Money (Or the Hype)

14% in green? That’s not just organic demand—that’s leverage-fueled FOMO. Traders are chasing the $140 mark like it’s the last exit before the moon. Meanwhile, Bitcoin’s little brother finally gets its moment in the spotlight—until the next shiny distraction, anyway.

Cynical Finance Bonus
: Nothing says 'healthy market' like a 14% pump on unconfirmed rumors. Just don’t ask who’s left holding the bag when the music stops.

• Litecoin jumps 14%, hitting $127, fueled by ETF optimism and broader market momentum.
• Bloomberg reports a 95% chance of LTC ETF approval in 2025, sparking institutional interest.
• Meidai Pharma allocates $100M in LTC, boosting confidence in Litecoin as a corporate treasury asset.

Litecoin (LTC) is again at the center of attention after it became one of the top-performing altcoins in the last 24-hour period. The coin has appreciated by more than 14%, going up from recent lows to trade NEAR $127, continuing a decent bullish run, now witnessing it appreciate by more than 47% in the last month.

With this rally ongoing, market observers have unanswered questions: can LTC climb back to its yearly highs near $140, and potentially aim for long-term resistance levels above $200?

The recent Litecoin surge, wherein prices jumped from around $111 to above $127, follows renewed optimism across markets. The aggregate cryptocurrency market capitalization gained 1% to $3.74 trillion on Tuesday, August 5, following a solid comeback from Monday in equities as well as cryptocurrencies.

Most major altcoins, such as ethereum (ETH), XRP, and Solana (SOL), registered increases as enthusiasm grew around clarity from regulators and buying interest. Litecoin, however, has stood out from the rest under some distinctive catalysts foretelling further gains ahead.

Litecoin Soars on 95% ETF Approval Odds

A prime motivator behind LTC’s recent surge has been the growing expectation of a Litecoin spot ETF approval, potentially unleashing massive institutional inflows.

According to a recent Bloomberg report, there still exists a 95% chance of a Litecoin spot ETF obtaining approval within 2025. That follows broader market sentiments, which have of late preferred crypto-based investment products.

Besides ETF optimism, Litecoin is becoming increasingly popular as a mode of payment, particularly in cross-border transactions, due to its low cost and rapid settlement process.

Institutional allocation is another significant bullish force in its own right. Meidai Pharma, a leading drug firm, recently unveiled a Litecoin treasury strategy valued at $100 million, marking increased enthusiasm from corporate entities in LTC as a store of value and diversifier.

Can Litcoin Price Target $200 Next?

Coming after price touched a five-month high, some market commentators predict a probable profit-taking reaction that might slow down momentum in the near term, though technical cues remain bullish-biased.

LTC has just escaped from a symmetrical triangle configuration on the weekly chart, a reliable sign of further rallying action. This MOVE above the upper border of the triangle opens up the path to buyers to aim at major resistance near the $200 level.

Strengthening this case further is a bullish crossover of the MACD (Moving Average Convergence Divergence) indicator, signifying picking up steam. The Relative Strength Index (RSI) has also transitioned to 64, demonstrating the rally has some further ground to gain before entering into the overbought territory.

If buyers keep gaining control, Litecoin can shoot up to levels beyond $140 and potentially challenge multi-year highs beyond $200. Alternatively, a loss of steam can witness a pullback to the support range near $110–$101.