In last 24 hrs LTC price has surged nearly 30% while comparing with BTC 5.60% almost six times. Market is upto on some positive news about LTC. Following are the three main reasons that leads LTC to upward in the market:
LitePay a new payments solution from Litecoin is scheduled for release on February 26. It could be a game changer for LTC in coming days.
According to Palwasha Saaim, a Research Analyst at Lombardi Financial said:
"Litecoin users will be able to convert Litecoins to dollars and vice versa through their Visa-compatible LitePay cards, which will be usable at all ATMs or businesses that support Visa payments."
Microsoft announced that it will use LTC platform as a foundation for its decentralised identity system - along with Bitcoin and Ethereum.
Litecoin Cash fork is scheduled on Feb 18 which will award Litecoin holders 10 Litecoin Cash coins for each original Litecoin token. Although there are lot of news in the market that shows it could be a another scam because it’s in no way affiliated with the original Litecoin project.
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