Litecoin (LTC) may touch the psychologically pleasant $70 mark shortly now

The crypto market is finally showing some green numbers after being in the red for a while, a fact that caused nothing but the concern in the minds of many crypto enthusiasts and investors. Truth be told, during the first six months of the year there was a point where it seemed just like putting a bet on crypto would be a worthless action, but that is precisely what’s changing right now.

The last days have been pretty much positive for the crypto world showing some of the most remarkable momentums, especially, in the leader of the sector Bitcoin (BTC), which as we know has a significant influence on the rest of the market, so in terms of general growth the crypto verse is just giving its best these days.

In this sense, one of the coins that have shown as well some great moves is nothing but Litecoin (LTC), which for the last two days has been gaining momentum. In fact, at the moment of writing the price of the token according to Coinmarketcap is $68.2, and the crypto has increased by 3.98 percent in just the last 24 hours, a fact that suggests the coin may close the day with a price of 70 dollars or even more.

In addition to this, Litecoin is working on the best updates for the community, so there are strong reasons to believe that the coin will continue its rise to the top. Let’s find out the main details behind the works of the crypto.

Litecoin (LTC) developments

Although the positive sentiment is practically a general thing right now, we can’t deny that Litecoin has worked in the best updates to gain momentum as well. So partially, the latest results are influenced as well by some of the strategies deployed.

For starters, we can mention the partnership Litecoin made with Crypto Facilities to offer futures contracts to the whole community. In this sense, despite the promptness of the addition, Crypto Facilities thinks Litecoin may be a crucial key for futures contracts, and this without counting the fact that the LTC token is related to the USD currency, which, of course, can be used as an opportunity for exposure.

Secondly, Daniel McNally showed a new cross-chain conversion involving Bitcoin and Litecoin last week, and for that, he has used the Lightning Network technology, so it shows a significant advancement as the transference was made without having any interference, which, of course, puts Litecoin in a great position.

However, the most significant update got to be the alliance with the TenX cryptocurrency debit card, a partnership that will help LTC users to put their holdings in the card and be able to use it freely for shopping any kind of goods and services.

In this sense, it was known by a Tweet of TenX that the company is already testing the card, so this could be a major hit for the LTC price. The message reads:

First #TenX cards are being shipped here in Singapore to internal team members right now. We want to make sure all processes are streamlined to scale and quality of packaging and the cards are world-class. Stay tuned for updates. #TenXyourLife #crypto #bitcoin #ethereum #litecoin pic.twitter.com/W7HRMoUeJO

— TenX (@tenxwallet) September 4, 2018

Conclusion

In general terms, we can observe a great performance of the market, but talking about litecoin (LTC) specifically, we can be quite sure (no guarantee in crypto-space) that the coin might continue its rise as all the ground is set to make it possible. LTC enthusiasts, get ready, great things are probably coming for your coin.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Spencer Dahl on Unsplash