Litecoin Hits Five-Month High Amid ETF Optimism and $100M MEI Pharma Treasury

Key Points

1. Litecoin reached a five-month high of $128.40, driven by ETF approval rumors and corporate treasury investments, though it later pulled back to $123.60.

2. Prediction markets indicate an 80% chance of a Litecoin ETF being approved in 2025, with some platforms showing even higher optimism.

3. MEI Pharma, a pharmaceutical company, invested $100 million in Litecoin, which analysts believe is a significant factor in the recent price surge.

4. Litecoin's market cap stands at $9.4 billion, with a 41% increase this month and a 12.3% rise over the past week.

5. CoinGate data shows Litecoin as the second most preferred crypto for payments at 14.5%, trailing only Bitcoin.