Litecoin (LTC) Price Holds Above $113 Despite Profit-Taking After Multi-Year Breakout
The post Litecoin (LTC) Price Holds Above $113 Despite Profit-Taking After Multi-Year Breakout appeared on BitcoinEthereumNews.com.
Darius Baruo Jul 27, 2025 08:33 LTC trades at $113.43 (-0.16% daily) as bulls defend key support following 19% surge that broke multi-year resistance amid $100M institutional investment. Quick Take • LTC currently trading at $113.43 (-0.16% in 24h) • Litecoin’s RSI at 67.90 shows neutral momentum after recent bullish surge • MEI Pharma’s $100M treasury investment sparked institutional interest wave What’s Driving Litecoin Price Today? The LTC price action over the past week tells a compelling story of institutional adoption meeting technical breakouts. MEI Pharma’s groundbreaking $100 million Litecoin treasury investment on July 20th marked the first such move by a publicly traded company, sending shockwaves through the cryptocurrency market and driving immediate institutional interest. This institutional catalyst coincided with Litecoin breaking above multi-year resistance levels, with the LTC price surging over 19% to trade above $120. The breakout was further supported by anticipation around potential ETF approval and the upcoming halving event, creating a perfect storm of bullish catalysts. However, recent price action shows profit-taking has emerged after Litecoin reached $116. The current LTC price of $113.43 represents a slight daily decline of 0.16%, indicating consolidation after the explosive rally. Despite this minor retracement, the network fundamentals remain strong, with Litecoin surpassing both Bitcoin and Ethereum in transaction count over the past six months. LTC Technical Analysis: Bullish Structure Intact Despite Consolidation The Litecoin technical analysis reveals a market still firmly in bullish territory despite recent consolidation. Litecoin’s RSI reading of 67.90 sits in neutral territory, showing the asset isn’t overbought despite the recent surge. This healthy RSI level suggests room for continued upward movement without immediate correction pressure. The MACD indicator presents the strongest bullish signal, with the main line at 6.8094 well above the signal line at 6.2012.…
