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Is Litecoin (LTC) Changing Its Game Plan By Going For Mass Adoption?

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Litecoin
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Litecoin seemed to be severely defeated a couple of weeks ago when this currency fell from its originally held spot as the fifth-best currency where it has been for quite some time, to the 6th spot on the global coin ranking list. This case just reminded the crypto community that tables are turning quickly in the world of new digital value, where EOS pulled a short end of the stick by replacing LTC as the fifth-best currency due to its increased market capitalization.

However, Litecoin is working on a great come back, as we can witness an increased activity in the marketing strategy of Charlie Lee and his team, as they are seemingly going for mass adoption of their coin. That is how Litecoin has shown some astonishing results in the past couple of days, while getting listed, acquiring partnerships and starting out with an interesting community project.

Litecoin and the New Community Project

The story about the mass adoption probably started off as a more obvious strategy adopted by LTC and its team when Litecoin tweeted about businesses accepting Litecoin. The tweet came on in a provoking connotation as the statement started with a call to action: “Does your business accept Litecoin?”

At the end of the statement, the LTC team invites all interested parties to message them in case they would like to get included in the new project set by Litecoin. Given the fact that the tweet is openly calling for the mass adoption of LTC, we can easily conclude that the new community project is revolving around having small and medium businesses offering LTC as a payment method in exchange for their products and services.

The details on this project are still not officially shared by the Litecoin team, but it isn’t hard to guess that the team on the head with Charlie Lee is on the “hunt” for business holders who would be willing to participate in the mass adoption of LTC.

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Whichever the case, the community project that was mentioned only 24 hours ago, on April 26th, already sounds promising for LTC that is struggling to get back on the track after it has been pushed down to the 6th spot on the global coin ranking list.

Litecoin to be Produced by Wirex

Another one of Litecoin’s noted steps towards getting LTC massively adopted is having this currency produced by Wirex.

Wirex is actually connected to all major Visa debit cards; however, in addition to dealing with Visa, Wirex also promotes the idea of using cryptos as a payment method. That is how Wirex had listed Bitcoin a while ago. As of the current events, Litecoin is going to be produced by Wirex as well, being the second crypto accepted by this wallet app, that way taking another step towards its strategy of having LTC globally accepted.

Wirex officials have given the statement that they have decided to add Litecoin to their wallet app because Litecoin has demonstrated its power over more traditionally used Bitcoin, which is way slower, less secure and more expensive than Litecoin even though it stands for the original and first coin ever to be created.

Litecoin and TenX Partnership

The partnership between Litecoin and TenX as announced two weeks ago, in a way came up as redemption for having failed at launching LitePay as it was originally supposed to happen in March of 2018.

After Litecoin failed to launch LitePay which was supposed to sky-rocket LTC and provide a crypto debit card for this currency, the announcement of TenX and LTC partnering up quickly lightened up the entire situation.

This is the case because TenX is planning on enabling debit card for Litecoin in the spirit of offering a switch solution for LitePay that just couldn’t happen when it was supposed to.

TenX wallet is available for iOS and Android, which adds a level of acceptance to Litecoin. TenX has also announced that they are definitely going to issue a Litecoin-powered debit card with great expectations out of this partnership.

The TenX team is hoping that their wallet platform is going to be a platform of choice for many LTC users and holders.

Litecoin Gets Accepted at WikiLeaks Shop

The official WikiLeaks Shop has announced that all LTC users and all WikiLeaks Merchandise customers will now be able to pay for their merch with Litecoin.

As Litecoin has now become officially accepted by another shop, it is more than obvious that Litecoin has a plan of getting massively accepted, and on a global level, which is just the thing this currency might need in order to acquire a chance of getting back to the top 5 trading coins in accordance with the global coin ranking list and as judged by the market capitalization.

How is Litecoin doing at the Current Moment?

Despite the shaky state of the market where the majority of currencies are going down for a couple of days now, Litecoin started to trade up today on April 26th. The currency started of its rebound against the state of the market with a humble percentage of growth that totaled 0.82% against the dollar.

After the latest change in the market, LTC unit can be bought at the price of 147.63$ at the time of this writing, on April 26th.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of roujo via Flickr

Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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