LTC Shows Resilience Post-Halving as Traders Anticipate Long-Term Supply Squeeze
Litecoin (LTC) has demonstrated notable stability following its third halving event, with its price holding steady at $106.97. The modest 1.79% daily gain belies the significant structural changes underway in the LTC ecosystem. The halving has reduced miner rewards from 12.5 LTC to 6.25 LTC per block, effectively cutting the inflation rate in half. This development has historically been a precursor to extended bull runs in the cryptocurrency's price trajectory. Market dynamics are now favoring accumulation as the supply shock begins to unfold. With daily issuance plummeting from 7,200 LTC to just 3,600 LTC, even consistent demand could trigger a substantial price appreciation. Traders and investors are closely monitoring these developments, anticipating a potential long-term supply squeeze that could drive LTC's value upward in the coming months. The current market sentiment reflects cautious optimism, with many viewing this as a pivotal moment for Litecoin's future valuation.
Litecoin Holds Steady Post-Halving as Traders Eye Long-Term Supply Squeeze
Litecoin's price resilience at $106.97 reflects cautious Optimism following its third halving event. The 1.79% daily gain masks larger structural shifts - miners now receive 6.25 LTC per block, halving the inflation rate in a move that historically precedes extended bull runs.
Market mechanics favor accumulation as the supply shock unfolds. With daily issuance dropping from 7,200 LTC to 3,600, even steady demand could trigger scarcity. The delayed Litecoin ETF decision creates short-term uncertainty, but regulatory engagement suggests institutional pathways remain open.
Litecoin Rallies 3.5% Ahead of Halving Event Despite SEC ETF Delay
Litecoin (LTC) surged to $111.55 amid heightened network activity as traders position for its August 3rd block halving. The 3.5% gain defies regulatory uncertainty after the SEC postponed Grayscale's spot ETF decision until October.
RSI levels at 60.12 suggest neutral momentum with upside potential. Historical patterns show halvings typically drive speculative interest—this cycle appears no different, with on-chain transactions spiking conspicuously.
The market has shrugged off the ETF delay, focusing instead on the supply shock narrative. Litecoin's resilience underscores how fundamental catalysts can overshadow regulatory headwinds in crypto markets.
Quid Miner Launches Mobile-First Cloud Mining Platform for BTC, XRP, and DOGE
Quid Miner has introduced a mobile cloud mining platform operating in over 180 countries, enabling users to earn cryptocurrencies like BTC, XRP, and Doge without specialized hardware. The UK-based company, established in 2010, leverages AI-driven mining to optimize returns.
The platform offers $15 in free credits and features short-term mining contracts with daily payouts. As digital assets gain mainstream traction, Quid Miner positions itself as a simplified entry point for retail investors seeking passive crypto exposure.