• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Casinos not on Gamstop
      • Real Money Casinos
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Casinos not on Gamstop
      • Real Money Casinos
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers
litecoin

Litecoin Still Strong as Foundation Launches LTC Debit Card

Martin Young by Martin Young
4 years ago
in Cryptocurrency Market News, Litecoin
Reading Time: 2 mins read

All attention has been focused squarely on Libra this week as Facebook enters the crypto arena with its centralized offering. This new digital token is nothing like crypto as we know it and one of the year’s top performers by a mile, Litecoin, is still going strong.

Over the past 24 hours LTC has regained its Monday losses and topped out at an intraday high of just north of $135 a few hours ago. It has held on to these gains during Asian trading this morning as daily volume has increased to $3.7 billion.

litecoin
LTC price 24 hours – coinmarketcap.com

Litecoin market cap is currently $8.37 billion, double what it was at the end of April. LTC has fallen slightly on the week, cooling off from its 2019 high of $142 on June 12th. Over the past 30 days, however, Litecoin has made a whopping 50 percent gain.

Where Next For Litecoin?

Analysts and traders are looking at the charts for the next move as LTC appears to be starting to consolidate. Trader ‘CryptoFibonacci’, who offers daily analysis on the top cryptos, has identified key areas of support should a pullback occur.

“Just sort of consolidating here. 10 ema has held. 125-126 is some key support. If that is broken, it would bring the 115 area into play and possibly 107. Almost looks like a bull pennant on this one too.”

$LTC Daily Chart.

Just sort of consolidating here. 10 ema has held. 125-126 is some key support. If that is broken, it would bring the 115 area into play and possibly 107. Almost looks like a bull pennant on this one too.#LTC #Litecoin pic.twitter.com/ASbKQRCfRg

— CryptoFibonacci (@CryptoFib) June 19, 2019

The Fibonacci levels have come into play previously and the mid $120s zone would be one for further accumulation leading up to the halving.

With just 47 days to go, there is likely to be a run up to $150 for LTC in the next few weeks. Fellow trader and investor ‘Crypto Rand’ has targeted $160.

I can't stop myself from adding more $LTC

My target still: $160 pic.twitter.com/kT3AwVtw84

— Crypto Rand (@crypto_rand) June 18, 2019

Litecoin Foundation Launches Crypto Debit Card

According to a recent announcement the Litecoin Foundation has teamed up with Bibox Exchange and Ternio to release a special edition Litecoin debit card. The BlockCard will enable users to spend crypto online or in physical stores anywhere that major credit cards are accepted.

Ternio’s BlockCard platform will be used to power the plastic which will hold three cryptocurrencies, LTC, Bibox Token (BIX) and Ternio (TERN). Litecoin godfather Charlie Lee stated;

“This is an exciting partnership for us as it furthers the Litecoin Foundation’s mission to create more use cases for spending Litecoin in everyday life. Leveraging Ternio’s BlockCard platform with Bibox’s exchange engine gives Litecoin holders unparalleled access to use their LTC at merchants around the world.”

The announcement added that Bibox will act as the custodian of funds leveraging its $200+ million worth of crypto trading volume to help route the deposits and spending for users. The debit card will be released in the US first before it is made available to other markets.

There are big things ahead for Litecoin and the halving is only half of it.

Image from Shutterstock
Tags: BiboxBlockCarddebit cardLitecoinltcTernio
Tweet123Share272ShareSend
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

XRP Ripple XRPUSDT

“XRP Very Important,” Top Analyst Predicts Which Tokens Could Profit From The SEC War

1 hour ago
Polkadot

Polkadot Metrics Surge With Project Launches – Good News For DOT Price?

4 hours ago
Shiba Inu

Shiba Inu Hits Crucial Barrier – How This May Impact Investor Sentiment

6 hours ago
Cardano Ada cryptocurrency coin close-up, in front of a price chart

Cardano (ADA) Declines As Market Recovers Amid Security Charges

14 hours ago
The Future of Tokenization: Exploring HedgeUp (HDUP),  Ripple (XRP), and Ethereum (ETH)

The Future of Tokenization: Exploring HedgeUp (HDUP), Ripple (XRP), and Ethereum (ETH)

21 hours ago
Investing Strategies for HedgeUp (HDUP): Long-Term Hold or Short-Term Trading?

Investing Strategies for HedgeUp (HDUP): Long-Term Hold or Short-Term Trading?

21 hours ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    1 week ago
  • Willing to buy new crypto: Here are the best 10...

    1 week ago
  • Best Crypto Meme Coin Presales in 2023

    1 week ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • Tether, issuer of USDT, to mine Bitcoin in Uruguay...

    15 mins ago
  • Ethereum co-founder’s massive ETH transfer raises...

    53 mins ago
  • Sparklo (SPRK) Rides On Curve Dao Token (CRV) And Kava...

    1 hour ago
  • The Game Changer: Chris Cashwell’s Firechain Network...

    4 hours ago
  • Price Prediction: Uwerx (WERX), Pepe (PEPE), And Chainlink...

    6 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

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

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Casinos not on Gamstop
      • Real Money Casinos
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.