Litecoin (LTC) is currently trading at a price of $115.95 following a significant surge of 9.7%. This rise in value can be attributed to MEI Pharma's announcement of a $100 million treasury allocation and the high probability of a 95% approval for an Exchange-Traded Fund (ETF). These factors have contributed to a bullish momentum for LTC, despite the presence of overbought signals in the market.