Litecoin Takes Off Before Litepay Launches

Crypto markets were a bit sluggish over the weekend, with minor fluctuations in both the ups and downs.. Bitcoin stabilizes around $9,700 while a few hundred dollars can play up and down. The recession in the markets is affecting other altcoins as well, and today not much is happening, except for Litecoin’s rise.

Litecoin gained 10% on the day, according to Coinmarketcap.. This time around 24 hours ago, it was just $200 and was $234 on Asian exchanges before dropping to $228 this morning.. LTC rose to $252 on February 21, but fell 20% again in the following days.. Today, however, its value has risen again.

LITEPAY STARTS TODAY

LitePay is launching today, and this is undoubtedly why LTC is the only altcoin to rise.. LitePay is an alternative payment method to BitPay, where shops and businesses can accept cryptocurrencies for their services and products. Specifically, in this case, Litecoin has evolved more as an investment tool rather than a currency, as many see it as a faster and cheaper alternative to Bitcoin.

LTC to USD using LitePay card and wallet can be easily converted. The LitePay system will also enable the adoption of the fifth most popular cryptocurrency, making it easy to use for real purchases, which was its original purpose.. Litecoin will also be available for fiat money on a number of exchanges such as Coinbase, a feature that supports digital money. he didn’t hesitate to express his opinion on his coin since he sold his stash a few months ago. The latest estimate is that Litecoin market capacity will surpass that of Bitcoin Cash to perform a phenomenon called ‘flappening’.

Segwit merger and Lightning Network adoption Bitcoin Cash once had will reduce the advantage, and therefore its value may not be able to withstand it. As Litecoin gains recognition, it seems likely to overtake BCH, which has already been done by many coins.

There are 84 million Litecoins in total, 55.3 million of which are already in circulation. At the time of this writing, Litecoin has a market cap of $12.6 billion and is traded mainly on OKEx and Bithumb in Southeast Asia.. The trading volume is around 1.26 billion which is 10% of the total value in the last 24 hours.

Bitcoinist

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