LTC Stabilizes at $110 Amid Institutional Backing and Market Consolidation
Litecoin (LTC) is currently testing the $110 support level after retreating from a weekly high of $118, reflecting a 3.37% pullback. This consolidation follows a significant 14.7% surge earlier in the week, indicating natural market behavior. Institutional interest, including MEI Pharma's $100 million treasury allocation to LTC and the appointment of Litecoin creator Charlie Lee to its board, highlights growing corporate adoption. These developments suggest strong fundamental support for LTC, potentially paving the way for future price appreciation. As of July 25, 2025, Litecoin's price stands at $109.80, with market watchers eyeing the next resistance levels amid bullish sentiment.
Litecoin (LTC) Tests $110 Support After Retreat from $118 High Amid Institutional Backing
Litecoin's price stabilizes at $109.80 following a 3.37% pullback from its weekly peak of $118, as institutional interest counters short-term volatility. The retreat reflects natural market consolidation after a 14.7% surge earlier this week.
MEI Pharma's $100 million treasury allocation to LTC and the appointment of creator Charlie Lee to its board underscore growing corporate adoption. This fundamental support appears stronger than typical retail-driven rallies, with the $110 level now acting as a new support floor.
Technical indicators show neutral momentum (RSI: 63.00) following the recent breakout, suggesting balanced conditions before potential continuation. Institutional participation often precedes sustained uptrends, making this correction a potentially healthy reset.
Trump-Backed Bitcoin Cloud Mining Platforms Gain Traction in 2025
Cryptocurrency mining has evolved beyond expensive hardware setups, with cloud mining platforms now offering accessible passive income opportunities. Among the notable players in 2025 is DNSBTC, a U.S.-based provider operating since 2020 with data centers across North America and Iceland. The platform specializes in Bitcoin, Litecoin, and Dogecoin mining, offering fixed-return contracts ranging from $60 to $9,000 investments with daily yields up to 9%.
DNSBTC's renewable energy-powered facilities and transparent contract terms have attracted users seeking low-barrier entry into crypto mining. New registrants receive a $60 free mining bonus, while the platform's affiliate program offers 4% commissions. This shift toward managed cloud mining solutions reflects broader industry trends of democratizing cryptocurrency participation.
Public Shell Firms Ramping Up Altcoin Buys Draws Skepticism: FT
Public companies are increasingly mirroring Michael Saylor's Bitcoin treasury strategy, but with altcoins—a move met with skepticism. Since 2020, Saylor's MicroStrategy (MSTR) has amassed 2.9% of all Bitcoin, driving its share price up 3,000%. Now, firms like Avalanche and RSV Capital are exploring similar plays with AVAX and TON, respectively.
The model has shown short-term gains. Litecoin co-founder Charlie Lee's $100 million investment in MEI Pharma to buy LTC spurred a 17% share price jump. Yet, critics question whether altcoins can replicate Bitcoin's institutional appeal.
The Financial Times reports that shell companies are becoming vehicles for these bets, raising concerns about speculative pumps. While ethereum has seen some adoption, smaller altcoins lack Bitcoin's track record—making their treasury plays a high-stakes gamble.
