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  • Litecoin joins Bitcoin and Ethereum as an alternative payment option when booking private jet services on TapJet’s platform.
  • Litecoin ascended breaking past the 23.6$ Fibo, but $125 is a key resistance zone.

Litecoin is trading marginally above $120 after recovering from testing the key resistance at $116-$115. LTC/USD is up 2.67% on the last day of May, besides it forming another bullish flag pattern that could result in an upside breakout if the bulls find a strong support above $120.

Litecoin has been added as a form of payment on the world’s biggest online booking platform for private jets, TapJets Inc. The platform already accepts Bitcoin and Ethereum for payment, moreover, the CEO of the company, Eugene Kesselman said:

“We are excited to add Litecoin to the Bitcoin and Ethereum payment options we already accept,” He added, “The Litecoin community is strong, and we are happy to work with the Litecoin Foundation to welcome them to our platform. Making it easier to use cryptocurrency in more places is what separates the leaders from followers. This is precisely what the #PayWithLitecoin movement is all about.”

Charlie Lee, Litecoin founder responded with excitement noting that LTC offers fast transactions, liquidity as well as ease of integration when making payments with digital assets.

Litecoin price is facing immediate resistance at $122 but the key resistance level is at $125. LTC/USD corrected higher during the Asian trading hours where it broke above the 23.6% Fib level with the last high leg at $122.43 and a low of $110.11. This Fib level will also offer support in case the price slides below $120. On the downside, the support level at $117 is a promising buy zone. However, a drop towards the support zone at $116 – $115 is the most important buy area. If bears push the price much lower, LTC/USD will be pushed back into the bear corner traded earlier this week.

LTC/USD 15′ chart