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Litecoin News

Litecoin Becomes The First Cryptocurrency Supported By The UFC

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The Litecoin Foundation has recently made its way into the Ultimate Fighting Championship (UFC) mixed martial arts organization. As we can see from the latest cryptocurrency news, Litecoin (LTC) is now the first altcoin and token in general that has sponsored this type of competition which is very popular in all parts of the world.

In a statement, the foundation said that it has become “the official cryptocurrency partner” of the UFC light heavyweight title fight between Jon Jones and Alexander Gustafsson. The Litecoin Foundation also announced that this sponsorship is a way to expand the adoption of digital currencies, stating:

“With brands and institutions continuing to push into cryptocurrency and blockchain, this is yet another signal of this technology moving closer towards the mainstream.”

Released in 2011 by the former Coinbase engineering director Charlie Lee, Litecoin is a proof-of-work cryptocurrency with a limited supply at 84,000,000 LTC. It is not centrally managed but the Litecoin Foundation develops its network where Charlie Lee is the managing director.

This is one of the most popular moves for the altcoin to promote itself even further to the masses and gain coverage in one of the most popular sports events around the world.

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Bitcoin News

Bitcoin At $3,860, Market Still At $130bn: Is A New Rally Coming?

Over the past week, the latest Bitcoin news have shown that the cryptocurrency market is idle and not willing to go above the $130 billion mark. Without movements on the upside or downside, all we see are mild movements which go in below one percent decimals. The situation is practically unchanged for Bitcoin (BTC) for days. The most dominant cryptocurrency is recording a stable daily trading volume and hasn't even made it to its resistance level at $3,900 which could be a sign that some steam is running out and a further damp is expected. Bitcoin continues to consolidate between $3,830 and $3,870 as the daily volume remains stable at $7.5 billion. Meanwhile, Ethereum continues to slowly weaken day by day, despite its growth over the past few weeks. ETH is now down to $135 which is marginally lower than yesterday's levels. Some people state that it has mirrored Bitcoin's actions until last week, when it started going sideways, just like Ripple (XRP) and the rest of the top 5 cryptocurrencies. The only bright side in the market is now Litecoin (LTC) which is doing anything rather than sitting. LTC has surged by 2.7% yesterday and now has the third largest volume of all cryptos - managing to get back close to $50 and is closing the gap to EOS which is idle for a couple of days now. A big move could be only possible if the trading volume increases, but as it is, we won't be seeing that in the near future.  
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Litecoin News

Litecoin (LTC) Price Analysis: Will It Remain At $50?

In the altcoin world, Litecoin (LTC) has always been making headlines - mainly because of its movements and ability to stick within the top 10 cryptocurrencies by market cap. In the crypto news today, we are seeing Litecoin up by 1.8% which means that it is now trading at $46.28 and heading towards the $50 mark. What is interesting is that Litecoin was at $35 weeks ago which is why it is important that it maintains this bullish momentum and supports its support line. However, the bearish scenario is still here. Conservative traders should know this and know that while Litecoin (LTC) is heading towards $50, it can also fall to $40 or even $30 if the bearish momentum is maintained. From the top-down approach, sellers are now technically in control and bulls will be only in charge if there is a solid breakout, reversing the losses on February 24th as the second stage of a typical breakout pattern. Litecoin, on the other hand, still maintains in a position where it is waiting for a reversal. Mefore any of the medium to long term trade conditions are validated, risk-off traders can buy dips and aim at $50 as the first target for LTC. What is also likely is that if LTC drops below $42, it may cause a sell-off putting pressure on the bulls who might cave in.
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Litecoin News

Litecoin Foundation Partners With Kickboxing League Glory, Becoming Its Official Cryptocurrency

A new partnership between the Litecoin Foundation and the kickboxing league Glory is in the digital currency news today - where LTC will become the official altcoin and cryptocurrency for the online merchandise platform by Glory as well as its international events. According to an official press release from Litecoin published yesterday, Glory will integrate LTC in its online merchandise store - gloryshop.com. The league is known for signing the top kickboxing heavyweights such as Peter Aerts and Remy Bonjasky and is very popular in United States and Europe. From now on, Glory fans can use Litecoin (LTC) to purchase various exclusive and event-related privileges. From "“athlete meet-and-greets, backstage arena tours [...] and premium in-arena seating," there are many products the fans can buy. The founder of the Litecoin Foundation, Charlie Lee, expressed his enthusiasm towards the new partnership and its aim to drive crypto adoption by stating the following:
“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.”
Founded in 2012, Glory is operated by Glory Sports International which is an organisation that hosts global events in a myriad of combat disciplines. Its media coverage spans in over 200 worldwide territories.
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Altcoin News

Crypto Market Adds $10 Billion, Currently With $134bn. In Circulation

Litecoin (LTC), Bitcoin Cash (BCH), Tron (TRX) and Stellar (XLM) were the highest earners in the new surge that led the cryptocurrency market to add new $10 billion - coming closer to the $135 billion gap. In the daily news of our DC Forecasts crypto news site, this surge came with bullish moves in Bitcoin and Ethereum as well, which dominated the market. However, in this piece, we are focusing on the altcoin traction which started with a solid upward move by Bitcoin Cash (BCH) which broke the $130 resistance against the US Dollar. The BCH/USD pair gained traction and surpassed the $140 and $145 resistance levels, shooting up by about 15% and testing the $150 resistance level on the upside. Litecoin (LTC) also pushed high and broke the $45 resistance area, trading up by around 7% and breaking the $47 resistance as of recently. It seems like with the positive price action recently, the chances for LTC are of more upsides above the $48 and $50 resistance levels. Tron's price, on the other hand, formed a support base near the $0.0240 level. TRX later started a correction and moved above the $0.0250 resistance, opening the doors for a decent recovery. Looking at the total market cap, buyers gained control above the $130 billion resistance levels where the high is right now set at $136-7 billion. However, the possibility of dips is still present.
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