Litecoin is ranked at #6 to the south of Bitcoin Cash in the market. The trading volume recorded stands at roughly $2.295 billion, whereas the supply has 63,379,054 LTC coins involved as part of the circulation. The total market cap of Litecoin amounts to $3.566 billion. As of this very moment, LTC is priced at $56.28 as a result of a drop rate of 0.94% influencing LTC in the course of the past 24-hours.
If a Discount is offered by #Cannabis businesses to pay with Cryptos then they will see faster adoption of safer payments. #Litecoin offers a way to get paid that can not have a chargeback and is easily convertible into a #stablecoin or US Dollar. #PayWithLitecoin https://t.co/z6mzaKJDW5
— Litecoin Tech Support (@LitecoinTechSpt) October 1, 2019
As you may already know, many dispensaries [in Colorado and other areas as well] have begun accepting BCH, Dash, LTC and other cryptocurrencies. The DEA has always campaigned against the legalization of marijuana, and this corrupt organization has seized millions’ worth of cannabis and funds as well.
According to the candlestick chart connected to the LTC/USD pair on tradingview [based on data obtained from the Bitfinex exchange], this digital asset [commonly known as Silver 2.0] is being swayed by sellers. A Head and Shoulders reverse pattern was created; the Ichimoku Cloud expanding too. The daily RSI [for 14 periods] is at 34.55. The final 3 peaks tied to the Awesome Oscillator were formed under the zero line, although they all bear the green shade. This signals the slight chance of a trend reversal in the foreseeable future.
Support can be found adjacent to the $50.76 mark, and resistance will be experienced when LTC heads towards the $75.123 level.