Home / Bitcoin / litecoin [LTC] is on track again – could it be a bullish break?

litecoin [LTC] is on track again – could it be a bullish break?

At 5:00 UTC, Litecoin is trading at $ 158.38, with a 3.24% growth in price over the past 24 hours. Litecoin's total market capitalization is currently about $ 8.92 billion. At the start of this week, there was a slight decrease in its daily volume. The current Litecoin current surplus is around 56 million. The cryptocurrency is exchanged on various exchange platforms such as OKEx, GDAX, Binance, Bitfinex, Huobi, etc.

litecoin [LTC] has reduced blocking time from ten minutes to two and a half minutes while maintaining a block size of 1 MB, Litecoin can confirm four times more Bitcoin transactions in the same time interval, thus making Litecoin faster than Bitcoin.

Litecoin has increased the number of coins made available to users of 84 million while the maximum number of Bitcoins is 21 million. It is noted that many market analysts and cryptocurrency operators are confirming that Litecoin is a quicker and cheaper alternative to Bitcoin.

Monthly graph of Litecoin

Monthly graph of Litecoin

After Litecoin traded at a low of $ 143.18 in the market, Litecoin's price slowly began to rise against the dollar. The LTC / USD price has recovered somewhat and is trading around the resistance area of ​​$ 150.

Marius, a Twitterati says:

"You can not run something you want to last forever #LTC"

Sagar Patel, a fan of cryptocurrency, says:

"Exact. Whatever goes up too fast, it falls so quickly. Look at btc. "

Wirex is a company that provides credit cards based on cryptocurrency. They announced that they will fully integrate Litecoin into Wirex's blockchain payment platform. So that debit cards would help users to make transactions and exchange various altcoins in Litecoin which is also integrated with the Wirex.

The CEO of Wirex, Pavel Matveev, stated that

"Wirex is a rapidly growing platform because it is in their best interests to add new services and currencies, Litecoin has enormous potential and there is a huge community that is already using it, so there will be a lot of demand for it. service in the market ".

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