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”.
You can now book 550,000+ hotels in 210 countries using @Litecoin $LTC. Travel to 82,000+ destinations worldwide on https://t.co/CL8FxAXFXS the next-gen online travel agency@travalacom @SatoshiLite #LTC $AVA @coingatecom @LTCFoundation pic.twitter.com/xvfEh64hix
— Travala.com ✈️ ? (@travalacom) December 16, 2018
Last but not least, it is also worth mentioning that recently BTC.com expanded its mining pool operations by incorporating support for LTC on their native platform.
— BTC.com (@btccom_official) December 20, 2018
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.