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Litecoin {LTC} payments accepted at the Local Farmer’s market in Alabama; Spedn app transactions swell

Bitcoin

Did you know the freshly roasted coffee weighing 1 lb in Alabama costs just $12 at a farmer’s mart? Litecoin adoption keeps rising with the passage of time even though development has slowed down.

Litecoin is in oversold territory for now, as the daily RSI [for 10 periods] is at 25.66. The Awesome Oscillator peaks are quite large underneath the zero line and they’re brown in shade. For the last three days, the histogram has been red and the MACD line has remained beneath the signal line. Key barriers will act if the altcoin somehow manages to soar beyond $78. Support can be found close to the $62.577 mark.

Litecoin was popularised as the kid brother of Bitcoin. Their protocols are quite similar [BTC employs thee SHA-256 algorithm, while Litecoin utilizes Scrypt in order to have better decentralization]; while Satoshi Nakamoto remains anonymous, Charlie Lee had never planned on withholding his identity prior to launching Litecoin in 2011. Lee sold all his LTC coins when it had reached an all-time high back in December 2017. Some still suspect he was involved in insider trading.

Litecoin is ranked at #5 in the market, ahead of Tether and Binance Coin. The price climbed at a rate of 1.11% in the course of the past 24-hours. This brought LTC all the way up to $63.92 where it currently rests. The trading volume recorded is $2.197 billion, while the supply has 63,150,774 LTC coins in play. As of this moment, the total market cap of Litecoin is $4.036 billion. The difference between Litecoin and Bitcoin Cash [in terms of valuation] has soared to almost $1 billion, which signifies how far LTC has fallen.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.