The Price of Litecoin (LTC) Jumped by Over 20% in the Last Hours of June
- by Team
The price of Litecoin (LTC) jumped sharply in the last few hours and many analysts believe the price will increase even further from the current levels.
One of the main reasons this price increase is coming from is speculation on the alleged hoax that a new altcoin was to be released. LTC is a coin that is very popular for its price and as such the rumor mill that has been running on this coin for the last four months has been working overtime.
LTC price jumped by over 20% in the last hours of June.
The rumor mill that is running on LTC has been running overtime for the last four months. One of the main reasons this is happening is because the price of Litecoin is rising in tandem with the price of Bitcoin (BTC).
A recent study has showed that Litecoin is the most traded altcoin on all major exchanges according to CoinMarketCap.
Now after the publication of the above news, many analysts have been speculating on a new altcoin that is to be released. According to many new altcoin enthusiasts, this new altcoin is to be called LTC or The Litecoin.
If this new altcoin is indeed to be called Litecoin then it will be released next week. The date and time is listed below.
The price of Litecoin rose by over 20% during the last 48 hours and is expected to climb even higher in the coming hours and days from today.
Bitcoin remains the most popular digital currency but this is only because bitcoin is the most traded cryptocurrency on major exchanges.
The price of Bitcoin is currently trading at around $6,836, which is the highest price of any single digital currency since the beginning of 2013.
Most cryptocurrencies are seeing a strong rise in the next 48 hours.
The price of Litecoin is expected to climb even higher in the coming hours and days from today but this rise is going to be short-lived with altcoins like Ethereum, Ripple and Stellar all seeing a fall in the next 24 hours.
Comments on a news release relating to Walmart to Litecoin
“Wal-mart Corp. Announces Cryptocurrency Mining Products for Small Business and Financial Services. Wal-mart has a new tool to help small business clients mine cryptocurrencies using its crypto hardware and software. This will be the first of many new products and services that Wal-mart is introducing in the coming month as part of a plan to develop a cryptocurrency mining business.
In anticipation of Bitcoin’s upcoming release, Wal-mart has updated its website to point people in the right direction for purchasing bitcoins and mining them for cryptocurrency. The announcement of Wal-mart’s cryptocurrency mining product does not appear to indicate any particular product or utility beyond a hardware and software solution that allows a small business or financial services company to easily start mining cryptocurrencies and exchange them for cash or stock. The news release points out simply that the company has created a new software product that Wal-mart claims allows users to ‘securely manage their bitcoin and litecoin wallets’.
Wal-mart’s announcement of the new product is a bit of a departure from the company’s previous cryptocurrency mining policies, which were focused on helping large enterprises with the development of tools for the public. Wal-Mart recently acquired BitPay’s cryptocurrency mining, mining machine development, and payment solutions business, which is the largest mining and mining machine vendor to Wal-Mart.
Wal-mart has announced that it is already mining Litecoin. Wal-mart has announced that it will be announcing the start of a new hardware product that the company believes will be a “reliable, easy way to mine litecoins. ” This announcement may offer customers some additional hope for the continued growth of litecoin.
Wal-Mart’s announcement of the creation of the litecoin mining hardware could be a hint that the company may be preparing to expand its existing cryptocurrency mining offerings beyond the already large Litecoin community.
While the news release may not be directly related to the sale of bitcoin, Wal-Mart’s news could further indicate that Wal-Mart may actually be looking to expand its cryptocurrency mining offerings as a means of acquiring new capital.
Walmart Announces Major Partnership With Litecoin
“Walmart has announced a partnership with Litecoin (LTC) to make use of Walmart’s network to buy and sell Bitcoin. The Litecoin community is thrilled at the announcement, as they are very excited about the potential this partnership may represent for the Bitcoin community, specifically Litecoin.
“We welcome Walmart to our network and the Walmart team is very excited to be a part of our cryptocurrency community,” says David Jones, President of Litecoin. “We are excited to partner with Walmart as their blockchain-based platform continues to advance. The industry was looking for another platform that is based in the industry, and has the same goals that Walmart has. However, it seems to us that Litecoin has the best technology, and Walmart will have the best product.
Walmart’s blockchain platform, Walmart Coin (WBC), is a peer-to-peer payment engine. It enables third-party providers to create financial smart contracts that verify the transactions between their users and Walmart, which Walmart uses to purchase and sell products online and at some retail locations. Walmart’s blockchain-based platform currently supports Walmart’s network of over 50,000 stores, where more than 30 million customers buy and sell products online. The Walmart blockchain platform is compatible with BTC (Bitcoin) transactions and is compatible with Litecoin (LTC) payments.
The partnership between Walmart and Litecoin goes beyond the purchase and sale of products. LTC will be used to allow other digital currencies to be stored in-store, and to offer customers the option to buy these digital currencies in cash. Walmart Coin is designed to be utilized between the company and its customers and to enable real-time access to online WalMart shopping. Walmart Coin is compatible with online stores, including Amazon, BestBuy, EBay, and eBay, that allow online shoppers to complete their online transactions with their WalMart credit or debit cards.
The Walmart Blockchain platform allows for Walmart’s customers to access their shopping for online purchases via their WalMart credit or debit cards. Customers can also spend WBC on their mobile device as an optional payment option when they make the purchase.
Revenues from Cryptocurrency and Blockchain Products from Walmart Inc.
Walmart Inc. reported its first positive quarterly report on the cryptocurrency market from January through March of 2018.
percent, according to the company’s quarterly earnings report.
Walmart launched the first cryptocurrency ATM in the U.
New York in March 2016.
cryptocurrency, which later became a regular use case for Walmart.
Walmart Inc. Revenue from Bitcoin and Altcoins.
began as a product for people living overseas, such as Silk Road.
used by developers to make it sound more like a currency.
according to Walmart’s earnings report.
As such, Walmart Inc.
products and services grew by an annualized 0. 4 percent in the quarter.
during the quarter was digital asset storage, which grew by an annualized 2.
(LTC), and Ripple (XRP).
Tips of the Day in Cryptocurrency
The bitcoin price remains in a trading range between $6000 and $7000 on the virtual exchange Bitfinex. It is trading at 3. 27% in a 24 hour period. In the past few weeks the bitcoin price has dropped from $6,000 to $5,000, its lowest level since March 2012.
The bitcoin price continues to move in a sideways direction with the first significant decline occurring in the last 2 weeks. It fell below $5,000 for the first time on May 17th. The price is still above $7,000 which means that it is likely to stay in this trading range.
The bitcoin price is still lower than the $7,500 level and its current trading range is from $7,500 to $7,600. The Bitcoin price is still above the 10-day moving average which also indicates the resistance point. The bitcoin price is in an ascending channel from $8,800 to $8,900. There is resistance below the $8,500 level.
I do not believe that the bitcoin price will fall below $4,000.
Spread the loveThe price of Litecoin (LTC) jumped sharply in the last few hours and many analysts believe the price will increase even further from the current levels. One of the main reasons this price increase is coming from is speculation on the alleged hoax that a new altcoin was to be released. LTC is…
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