Good morning traders and investors! Seems that the dog days are over in the crypto world, at least for now and markets are pushing on like a massive diesel train.
While there are many to choose from, some instruments, which should be leading, are lagging more and might offer you a better price average. I'd like to Hodl them all - EOS, BTC, LTC, STEEM, XRP - and by some extent i also do, but this post is about Litecoin.
Summary via businessinsider.com
Last Thursday, a $99 million worth of Litecoin were sent from one wallet to another. Okay, rich guys are a dime a dozen, but it only cost $0.40 in fees and 2.5 minutes to confirm! Try to transfer such an amount in fiat currency via a regular bank tranfer - you'll be signing stuff for days and grow a beard by the time the funds arrive. Not to mention the bank transaction fees for such an amount will cut deep into your wallet, take a chunk out of it and fly away.
This is really a new era cryptocurrencies, mass adoption with ultra-low fees is just arriving. Be part and grab some Litecoin for your own good.
See the tx for this transaction here:
https://insight.litecore.io/tx/30393d5c265ab46731bfb9642e295f2e9661dbfd95cea0e501cedc02745bdc83
Sources used:
businessinsider.com
reddit.com/r/litecoi
After the rocky start to 2018, when Kenneth failed spectacularly with Litepay, Litecoin is one of my faves, as it's slowly picking up momentum and the good news just keep on rolling, starting from Tenx LTC debit cards and various cryptocurrency exchanges adding Litecoin support for trading.
Most recent news are from Korbit, a major South Korean exchange adding Litecoin:
Check out Korbit here, if you're an asian trader: korbit.co.kr
Sources used:
cryptoslate.com
Wait, but what do the charts say?
Via tradingview.com
Tryng to vew as naked chart as possible, Litecoin has powered through the massive area of confluence, where the 200-day and 50-day moving averages met with the long term trendline, and is now calmly pulling back, with Relative Strength Index having lots of room left on the upside. So peeps - BUY THE DIPS!
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