Litecoin's price spikes to $125 due to institutional interest and ETF optimism, marking a 25% weekly gain. Trading near $125 (+3.82% in 24h), driven by MEI Pharma's $100M investment. Technical indicators suggest overbought status.
The cryptocurrency Litecoin (LTC) is currently trading at a price of $124.99, which represents a 3.82% increase in the past 24 hours. This rise in price can be attributed to MEI Pharma's recent investment of $100 million in the cryptocurrency and increasing speculation around ETFs. However, technical indicators are signaling that LTC is currently in an overbought state.