- Charlie Lee says that he will be an advisor for HTC Exodus blockchain-powered phone.
- HTC Exodus will have support for Bitcoin, Ethereum and Litecoin.
- Litecoin price rejects $84.00 is support; slides 1% on the day.
The founder of Litecoin, Charlie Lee recently revealed that one of the biggest smartphone manufacturers in the world, HTC is going to include support for LTC and “the Lightning Network [LN] on Litecoin natively.”
Earlier on Monday, Charlie Lee informed his follower on Twitter that he sat down with the team developing HTC Exodus last week. The agenda for the meeting was to discuss various crypto-related features expected to be integrated with the phone. Lee’s tweet reads:
“Met the HTC Exodus team last week and was really excited to hear the phone will support LTC and Lightning Network on Litecoin natively! I will be an advisor as I see having a secure crypto phone that makes LN simple is needed for mass adoption. P.S. No, they will not remove BTC.”
In May this year, HTC said that they are working on the world’s first blockchain-powered smartphone. It was going to have features “dedicated to decentralized applications and security.” The phone is expected in the market before the end of the year and will mark the beginning of HTC’s support for blockchain technology. HTC is based in Taiwan and hopes to bring decentralized applications closer to the people as possible.
HTC will support Bitcoin (BTC), Ethereum (ETH) as well as Litecoin in the blockchain-powered smartphone. The owners of HTC Exodus will be able to trade cryptocurrencies from one user to another directly from the phones. Moreover, on July 10, HTC said that the phone will come with a built-in digital wallet and users will be able to play CryptoKitties on the device.
Litecoin price technical picture
Litecoin is changing hands at $83.00, although it traded above $84.00 during the Asian trading hours. The price is correcting lower on the day, besides the charts show a 1% drop. It is likely that the short-term support at $82.00 will hold, however, if it fails to LTC/USD could break down further below $80.00. The 50 SMA is limiting gains at $83.69 but the key resistance level is $84.00 and the upper supply one at $85.00.
LTC/USD 30’ chart