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Huge+Litecoin+Adoption+News+and+Price+Analysis%3B+LTC+to+Lead+the+Next+Altcoin+Season%3F

Huge Litecoin Adoption News and Price Analysis; LTC to Lead the Next Altcoin Season?

 

  • Litecoin becomes the official cryptocurrency for a major global Kickboxing League, Glory.
  • Litecoin Price fell down by 8% on 24th February after the flash cryptocurrency market crash
  • Litecion Chart Analysis indicates a ‘golden cross’, will LTC lead another bull run?

Litecoin Becomes the Official Cryptocurrency For a Premier Kickboxing League

Litecoin has been added as the official cryptocurrency for its online fan merchandise platform and international events. Glory is one the most popular global combating events that invite many schools of Martial Arts including Muay Thai, Taekwondo and boxing. The participants of these events include elite fighters of the world.

 Charlie Lee, the co-founder and chief spokesperson for Litecoin noted that:

“GLORY has a growing worldwide fan base that consists in large part of a younger demographic who are early adopters of technology and conduct much of their lives online - from consuming content to purchasing products. [...] Tapping into their global audience and educating them about Litecoin through real-world use cases can be powerful.”


The sporting and e-sporting arena have been more adaptive towards cryptocurrency than any other industrial fields. E-gaming, online merchandise store, tickets to events and legal betting together comprises of a vast market capitalization that can benefit a lot from Blockchain and Cryptocurrency.

Litecoin Price Analysis 

Litecoin had recently broken the $50 resistance line on the LTC/USD scale. During the short interval rally on 24th February, the cryptocurrency was trading above $52 level before the sellers took control above $53 mark when in a flash crash the price decreased by 16.8% to $44.5. The cost of Litecoin at the time of writing is $45.80.

Litecoin (LTC) has been consolidating above the 200-day moving average for the past few days, but the Stochastic RSI signals a big move to the upside that could result in upside movement. The cross-over of the 100-day moving average with the 200-day Moving Average line suggest a significant upside movement is possible. It is being termed as the ‘golden cross.’

Nevertheless, apart from Bitcoin (BTC), Litecoin (LTC) and XRP (XRP) none of the other cryptocurrency tokens including Ethereum are indicative of a positive movement in the short term. However, if the cross-over materializes and yields value to Litecoin, other cryptocurrencies might also benefit from the change in sentiment. Will the altcoin season be back soon?