Litecoin (LTC) Clocks 30% Weekly Gain Just after Moneygram’s New Crypto Services Launch – Litecoin (LTC/USD) #Litecoin #LTC #Clocks #Weekly #Acquire #Moneygrams #Crypto #Assistance #Launch #Litecoin #LTCUSDNews Headlines
Litecoin LTC/USD is posting considerable gains, following investing down below the $60 mark for several months.
What Occurred: LTC created a shocking soar, surging 32.35% about the past 7 days, investing at $72.10, at the time of writing.
This considerable bounce can be attributed to MoneyGram MGI, a chief in electronic P2P payments that introduced the start of a new service to buy, trade and store Litecoin and other cryptocurrencies.
In accordance to CoinMarketCap, on Sept. 13, LTC traded to highs of $67.48, and then fell under the $60 degree, the place it remained right up until late October. Only soon after the news of MoneyGram broke, Litecoin added 314 new shark and whale addresses these wallets maintain huge volumes of LTC and lead to a spike in on-chain exercise.
Earlier in June, two key South Korean crypto exchanges Bithumb and Upbit delisted LTC, after the altcoin additional additional privateness when conducting transactions.
Cost Action: Litecoin is up by 5.53% in the previous 24 hrs. Dogecoin DOGE/USD is down 4.76% investing at $.1179, at the time of composing, as per Benzinga Pro.