LTC/USD gained 9% in recent 24 hours moving within the upside channel CoinText support for Litecoin may have served as a catalyst. Litecoin, the 7th largest digital asset by market value, jumped to $65.59 within several hours on Thursday before retracing to $63.20 by press time. Litecon’s market cap has increased to $3.7B, while an average daily trading volumes doubled from $300M to over $600M. LTC/USD gained over 9% since this time on Thursday and became a growth leader among top20 cryptocurrencies. What’s behind the move? The news that a popular SMS cryptocurrency wallet service CoinText added support for Litecoin and Dash for US and Canada might trigger Litecoin’s strong growth. The service allows sending digital money to anyone either via mobile phone or cryptocurrency address. The process of sending and receiving coins is simple and intuitive as there is no need to download apps or register accounts. It is supposed to attract new non-tech savvy users to crypto universe and thus foster the ass adoption of digital assets. “CoinText makes sending cryptocurrency as easy as sending a text message. It’s a powerful tool for communities to spread adoption of their cryptocurrency,” CoinText founder and lead developer Vin Armani said in the official press-release. Litecoin’s technical picture LTC/USD continues moving within an upside channel. It came close to its upper line amid strong bullish momentum where new sellers came in and pushed the price to the current level. The nearest resistance is produced by $65.00, followed by $66.20 (the above said upper line). Once it is broken, the bullish momentum will gain traction with the potential to take the price towards $70.00 On the downside, LTC/USD is supported by psychological $60.00 and $58.67 (SMA50, 4-hour chart). Once below, the selling pressure may increase and push the price to the lower border of the short-term upside channel (currently at 56.50). LTC/USD, 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Japan: Core inflation accelerates to 1.0% – Nomura FX Street 4 years LTC/USD gained 9% in recent 24 hours moving within the upside channel CoinText support for Litecoin may have served as a catalyst. Litecoin, the 7th largest digital asset by market value, jumped to $65.59 within several hours on Thursday before retracing to $63.20 by press time. Litecon's market cap has increased to $3.7B, while an average daily trading volumes doubled from $300M to over $600M. LTC/USD gained over 9% since this time on Thursday and became a growth leader among top20 cryptocurrencies. What's behind the move? The news that a popular SMS cryptocurrency wallet service CoinText added support for Litecoin… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
