How to animate the textColor property of an UILabel?

The reason that textColor is not animatable is that UILabel uses a regular CALayer instead of a CATextLayer.

To make textColor animatable (as well as text, font, etc.) we can subclass UILabel to make it use a CATextLayer.

This is quite a lot of work, but luckily I already did it :-)

You can find a complete explanation + a drop-in open source replacement for UILabel in this article

Instead, have you tried using a crossfade transition on the object itself like this, it'll give you a nice fade-in fade-out effect from one color to another:

Objective C

[UIView transitionWithView:myLabel duration:0.25 options:UIViewAnimationOptionTransitionCrossDissolve animations:^{
    myLabel.textColor = NEW_COLOR;
} completion:^(BOOL finished) {
}];

Swift 5

UIView.transition(with: creditsLabel, duration: 0.25, options: .transitionCrossDissolve) {
    self.creditsLabel.textColor = .red
}

This is better than using NSTimers, CATextLayers and so on so forth for various reasons. CATextLayer does not have proper support for text kerning or NSAttributedText, and NSTimers are laggy (plus there's too much code). The transition animation above does the trick, and also can be used in a chain animation. I had the same issue and have already tried the solutions above but this simple code works wonders instead.

You could try creating another instance of the UILabel or whatever it is that has the textColor, and then apply the animation between those two instances (the with the old textColor and the one with the new textColor).

Swift 4 solution:

UIView.transition(with: yourLabel, duration: 0.3, options: .transitionCrossDissolve, animations: {
  self.yourLabel.textColor = .red
}, completion: nil)