News Litecoin Price Remains Stable for the Third Day...

Litecoin [LTC] Price Remains Stable for the Third Day Running


- Advertisment -

As is visible from the chart below, Litecoin has remained relatively stable over the course of the past 2-3 days— with the currency currently trading at a price point of $31.92 (at press time). However, around a week back, the top-10 altcoin was struggling to stay in the green while trading just above the $23 mark. Lastly, as per LTCs technical indicators, the altcoin is exhibiting strong bullish momentum right now— with the crypto asset currently hovering above its EMAs. Also, as Litecoin approaches the $32 mark, it is being estimated that the currency will incur heavy resistance beyond the $34 threshold.

Charlie Lee Continues to Get Trolled a Full Year After Selling His LTC Holdings

Around a year back, Litecoin Founder Charlie Lee released a startling statement wherein he announced to the global crypto community that he was going to be liquidating his Litecoin holdings so as to mitigate any “conflict of interests” that might arise in the future.

Elaborating further on what prompted him to make this move, Lee went on to say that he wanted to work on Litecoin purely out of his passion and not as a means of gaining profits. Not only that, Lee also declared that instead of simply selling off his LTC holdings for profit, he had donated every LTC coin that he had ever owned.

CoinGate Becomes First Merchant Processor to Accept Litecoin LN Payments

As reported by NullTX earlier this week, Coingate became the first major payment processor to start accepting LTC LN payments. Not only that, Litecoin holders now have the option to choose from and make their bookings in over 550,000+ hotels using crypto payment service “Travala”.

Last but not least, it is also worth mentioning that recently expanded its mining pool operations by incorporating support for LTC on their native platform.

Final Take

Even though Litecoin has dropped by over 90% since reaching its ATH, the currency has been exhibiting some really positive upward indicators over the past couple of days. It now remains to be seen how the future of this premier crypto asset plays out in 2019.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.



Please enter your comment!
Please enter your name here

Latest news

3 Important Reasons to Have AML for Cryptocurrency Business

In this article we are going to examine the 3 most important reasons to Have AML for...

Use of Smart Cards in Blockchain App Development

Ever since blockchain technology made a major breakthrough all over the globe, experts and forecasters have been...

IMF: Risk of substitution of domestic money by central banks’ digital currencies

Central banks around the world began looking closely at the issuance of their own digital currencies, known...

Ripple: The cryptocurrency that will ‘change’ the world in 2020

Ripple could say he's a child of Bitcoin: In December 2017 Bitcoin hit a record price in...
- Advertisement -

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders. Spain's government has reportedly approved...

CryptoTaxCalculator Partners With CoinSpot

Australia’s leading cryptocurrency exchange CoinSpot has partnered with Australian made CryptoTaxCalculator to help users deal with the...

Must read

Use of Smart Cards in Blockchain App Development

Ever since blockchain technology made a major...
- Advertisement -

Read Next
Recommended to you