Litecoin (LTC) Surpasses Rp2.1 Million in 5 Months: What Is the Main Driving Factor?

Jakarta, Pintu News – Litecoin (LTC) price surged to its highest level in five months, reaching $128.40 or around Rp2.1 million on Tuesday morning. The surge was fueled by rumors of Litecoin ETF approval and news of a massive $100 million or Rp1.63 trillion investment from publicly traded pharmaceutical company MEI Pharma.

Although the price later corrected to $123.60 (IDR 2.02 million), LTC still rose 5.8% in the last 24 hours and 12.3% in a week. Throughout this month, the increase has even reached 41%, pushing the market capitalization to $9.4 billion or around Rp153.9 trillion.

ETF Optimism Drives Market Sentiment

The crypto market is increasingly optimistic about the possibility of a Litecoin ETF in 2025. Data from Polymarket, a decentralized prediction platform, puts the chance of LTC ETF approval at 80%. However, on the Myriad prediction platform, nearly two-thirds of users expect the Ripple (XRP) ETF to be approved ahead of the Litecoin ETF.

This increased sentiment comes after a number of companies applied for LTC ETF registrations earlier in the year. Canary Capital, a Tennessee-based investment firm, listed a Litecoin ETF on Nasdaq on January 15. Less than a month later, Grayscale Investments and CoinShares also filed for similar ETFs, with Grayscale choosing NYSE Arca as the listing exchange.

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Litecoin Dominates Crypto Payments

In addition to the ETF news, the latest market adoption data also strengthens Litecoin’s position in the cryptocurrency industry. CoinGate, a crypto payment gateway provider, reported that Litecoin took second place in payment volume on its platform last month. Litecoin’s share reached 14.5%, only losing out to Bitcoin (BTC) and slightly ahead of stablecoin USDC.

This surge in usage shows that LTC is not only popular among traders, but is also starting to be widely used as a real transaction tool. This increase has been an additional driving factor for the LTC price, which was previously driven by market speculation regarding ETFs. The combination of retail adoption and institutional expectations has been an important catalyst for Litecoin’s rally.

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MEI Pharma is the main catalyst for price increase

The most notable news came from MEI Pharma, a publicly traded pharmaceutical company that decided to allocate $100 million (Rp1.63 trillion) to Litecoin as part of its transformation strategy into a crypto treasury company. This move marks a new trend where public companies are starting to make digital assets a core part of their financial portfolio.

According to CEX.IO principal analyst Illia Otychenko, MEI Pharma’s decision was the biggest factor behind Litecoin’s price spike compared to the ETF rumors. She believes that although the chances of ETF approval have reached 90% since February, the effect has only been felt due to support from corporate purchases. With this move, Litecoin could potentially attract more investment from corporate treasuries in the future.

Conclusion

Litecoin’s (LTC) price rise to a five-month high proves that a combination of ETF rumors, increased adoption of crypto payments, and corporate investment support could be a huge catalyst for the market. If this trend continues, Litecoin could potentially solidify its position as one of the most desirable cryptocurrency assets, both by retail and institutional investors.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Decrypt. Litecoin Hits Five-Month High Amid ETF Optimism and $100M MEI Pharma Treasury. Accessed August 6, 2025.
• Featured Image: Unsplash