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Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
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Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Litecoin Basks In Green As LTC Inches Closer To $100 Mark

Christian Encila
Christian Encila
2 years ago
3 mins read
Litecoin

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Litecoin starts February on a lovely note, as the second oldest cryptocurrency is all aglow in green. According to CoinGecko, the token has risen 34% in the monthly time frame with gains also being made in the weekly charts. This shows a gradual and steady climb towards its current resistance level. 

The coin is known for being one of the most reliable cryptos in the market. According to BitPay, the oldest crypto payment platform, although Litecoin has not overtaken Bitcoin as a means of payment, LTC has become a must-have for crypto enthusiasts who want to transition from traditional finance to cryptocurrencies. 

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Collaboration With Major Companies

Litecoin is becoming more ubiquitous as Unbanked and Mastercard teamed up to launch the Litecoin Card. This card will be made available in both Europe and the United Kingdom with the potential to reach over 84% of Europe’s population. This can be a catalyst for widespread adoption of crypto not just in Europe, but in the world.

According to Christian Rau, Senior Vice President of Mastercard Europe’s Fintech and Crypto Enablement arm, the initiative comes as a way of giving customers a choice of how they want to pay or be paid with. 

This isn’t Mastercard’s first foray in the world of crypto and DeFi. On Tuesday, news of Mastercard and Binance’s prepaid crypto card hit the market. This prepaid card, touted the “Binance Card”, would be released in the next few weeks.

Considering that Litecoin is now mostly used as a payment method, we might be able to see the coin rise more in fame as a mode of payment. 

LTC At $97.57 – Is $100 Just Around The Corner? 

The coin is currently moving upwards steadily, currently trading at $97.57, and up nearly 12% in the last seven days. LTC is currently sitting above its $87 support. The consolidation of this support is expected to help the coin reach $100 or higher.

The recent development surrounding Litecoin’s new crypto card is also expected to have an effect on its price as it could drive demand upwards. With this in mind, investors and traders could settle long term comfortably.

LTC bulls should also watch the price movement of major cryptocurrencies as this could also have an impact on the coin’s price. 

Related Reading

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Litecoin Basks In Green As LTC Inches Closer To $100 Mark

2 years ago

LTC total market cap at $6.9 billion on the daily chart | Chart: TradingView.com

If the bulls are successful in breaking through the current resistance, we can see Litecoin revert back to May 2022 price levels which could give investors and traders more room for upwards growth.

For now, investors and traders can be cozy with their LTC holdings or accumulate as recent developments are showing signals of optimism. 

Featured image by DayWallpaper

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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