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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. It shows a progressive and steady rise to its present level of resistance.
The part is known to be one of the most trusted cryptos in the marketplace. 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.
Collaboration With Major Companies
Litecoin is becoming more ubiquitous as Unbanked and Mastercard teamed up to launch the Litecoin Card. This map will be available in Europe and the UK with the potential to affect more than 84% of the European population. This may be a catalyst for widespread adoption of cryptography, not just in Europe.
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In Christian Rau's opinion, Senior VP of the fintech and crypto-activation division of mastercard europe, The initiative is designed to give clients the choice of how they want to pay or be paid. It is not the first incursion of mastercard in the world of crypto and challenge. Tuesday, news of mastercard and crypto card prepaid BINANCE in the market.
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.
Since litecoin is now mainly used as a payment method, we might be able to see the coin grow more renowned as a payment method.
Canada Post at $97.57 – Is $100 fast approaching? The coin is currently increasing steadily, currently trading at $97.57, and increasing by almost 12% over the last seven days. Ltc is now over his support of $87.
It is expected that the consolidation of this support will assist the coin in reaching $100 or more. The recent development of the new litecoin crypto card should also have an impact on its price, as it may increase demand.
In this spirit, investors and merchants could settle comfortably in the long term.
LTC total market cap at $6.9 billion on the daily chart | Chart: TradingView.comRelated readings: https://www.newsbtc.com
In that spirit, investors and merchants could settle comfortably in the long run. LTC bulls should also monitor the movement of major cryptocurrency prices, as this could also affect the price of the coin.if Bulls have managed to crack the current resistance, We can see litecoin return to May 2022 price levels, which could provide investors and traders with more room to grow upward.
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