<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001637614</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Stock, Par Value $.001</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/10/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001307579</issuerCik>
        <issuerName>LIQTECH INTERNATIONAL INC</issuerName>
        <issuerCusips>
          <issuerCusipNumber>53632A300</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>INDUSTRIPARKEN 22C</com:street1>
          <com:city>BALLERUP</com:city>
          <com:stateOrCountry>G7</com:stateOrCountry>
          <com:zipCode>DK-2750</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Marathon Micro Fund, LP</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>3000000.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>3000000.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3000000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>9.1</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>LIQTECH INTERNATIONAL INC</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>INDUSTRIPARKEN 22C, BALLERUP, DENMARK, DK-2750</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>MARATHON MICRO FUND L.P.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>4 NORTH PARK DRIVE, SUITE 106
HUNT VALLEY, MD 21030</principalBusinessOfficeOrResidenceAddress>
        <citizenship>MARATHON MICRO FUND L.P. IS A DELAWARE CORPORATION</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>3,000,000</amountBeneficiallyOwned>
        <classPercent>9.1%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>3,000,000</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>3,000,000</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Marathon Micro Fund, LP</reportingPersonName>
      <signatureDetails>
        <signature>James G. Kennedy</signature>
        <title>President</title>
        <date>06/17/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
