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As can be seen from the chart below, Litecoin has remained relatively stable over the past 2-3 days – with the currency currently traded at a price of $ 31.92 (at time of printing). However, about a week ago, the top-10 altcoin was struggling to stay in the green as it traded just above the $ 23 mark. Finally, as with LTC's technical indicators, the altcoin is showing a strong upward momentum in this moment, with the cryptographic heritage currently suspended above its EMA. Moreover, while Litecoin approaches the $ 32 sign, it is estimated that the currency will incur a strong resistance above the $ 34 threshold.
Charlie Lee continues to be trolled for a full year after selling his LTC titles
About a year ago, the founder of Litecoin Charlie Lee published a surprising statement in which he announced to the global crypto community that was about to liquidate its holdings in Litecoin in order to mitigate any "conflict of interests" that may arise in the future.
Further elaborating on what prompted him to make this move, Lee went on to say that he wanted to work on Litecoin purely for his passion and not as a means to gain profits. Not only that, Lee also stated that instead of simply selling his LTC holdings for profit, he had donated every LTC currency he had ever owned.
CoinGate becomes the first commercial processor to accept LN Litecoin payments
As reported by NullTX earlier this week, Coingate became the first major payment processor to start accepting LN LTC payments. Not only that, the holders of Litecoin now have the opportunity to choose and make reservations in over 550,000 hotels using the "Travala" encryption service.
Now you can book over 550,000 hotels in 210 countries @Litecoin $ LTC. Travel to over 82,000 destinations worldwide at https://t.co/CL8FxAXFXS the new generation 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 worth mentioning that recently BTC.com has expanded its mining pool activities incorporating the support for LTC on their native platform.
https://t.co/38N9uRCg2L expands the mining pool operation adding support for #Litecoin extraction. Mine #LTC free now 🎉 https://t.co/ij76kFgfq7
– BTC.com (@btccom_official) December 20, 2018
Final take
Although Litecoin has fallen more than 90% since it reached its ATH, the currency has shown some very positive positive indicators over the last two days. It remains to be seen how the future of this premier asset crypt will develop in 2019.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
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