Litecoin recorded the second day of winnings in nine consecutive sessions on Tuesday after its steady fall. The latest upswing in Bitcoin values was presumably following
At 259.830 LTC/USD closed after 263.067 and 243.842 were lower. Litecoin posted the second day of winnings on Tuesday following its continuous decline for nine consecutive sessions. It was probably the recent upturn in Bitcoin prices that followed. For the second day in the market, BITCOIN remained on a positive note among the good news stores.
First, another US bank – Bancorp, the country’s fifth largest, has revealed that it has exposed its customers to bitcoin and other crypto-monetary issues as their demand grew. Secondly, Mastercard and Gemini have introduced a new credit card recompense scheme which is supposed to offer nearly 3% cash back to their customers in Bitcoin. Third, a multimillionaire-owned firm, Elon Musk, Tesla, reports record returns from sales of Bitcoin emissions and speculative gains. The rising Bitcoin values transformed the consumer sentiment into bullish and accompanied by other altcoins such as LTC / USD.
LTC/USD Daily Technical levels
Support resistance
251.551 263.927
243.300 268.052
239.175 276.303
Pivot Point: 255.676
In addition, Charlie Lee, the founder of Litecoin, spoke about the CNBC and clarified why Litecoin differs from Bitkoin. He said his previous remarks were cheaper and quicker. The fact that LTC/USD was authorized to encourage Lee’s project in a general audience on Tuesday, however, also helped LTC/USD trade.