On July 2, 2025, Litecoin miners exhibited a bullish sentiment by increasing their holdings, despite a 2.04% decrease in price to approximately $84.29 from the previous close. This accumulation trend is evident in the Miner Reserves metric, which tracks the total LTC held by major mining pools. (Source: Sentora, July 2, 2025)
Over the past year, the Miner Reserves metric has shown a consistent upward trajectory, indicating that miners are accumulating more LTC. The day's trading range for Litecoin was between $82.52 and $86.36. The increase in Hashrate further supports the positive outlook. (Source: Sentora, July 2, 2025)
In June 2025, Charlie Lee, the creator of Litecoin, joined Luxxfolio's advisory board to promote Litecoin's adoption. This strategic move, combined with network growth, suggests a strengthening position for Litecoin in the market. (Source: Sentora, July 2, 2025)