Litecoin (LTC) was designed for payments, but the digital asset should be also used for shopping as well.
Litecoin is a #cryptocurrency designed for payments.🙌💸🧾
Let’s encourage more people to use $LTC for shopping purposes!🛒🛍
The number of daily #Litecoin transactions is steadily increasing!@SatoshiLite @LTCFoundation #LTC pic.twitter.com/DdNpMeeiVC
— Bitplaza (@BitplazaMobile) January 23, 2022
Regarding the coin’s price at the moment, now LTC is trading in the green and the coin is priced at $110.39.
Litecoin in the news
Back in November, we were revealing that Bitcoin-based investment products are seeing some pretty strong competition for altcoin-based products.
This is what crypto data company CryptoCompare revealed recently.
The crypto data firm explained that the investment products based on Litecoin (LTC) and smart contract blockchain Solana (SOL) had better returns than those based on BTC over the 30-day period leading to November 19th.
“BTC-based investment products were outperformed by Solana & Litecoin-based products, led by 21Shares’ ASOL (Solana-based product) and Grayscale’s LTCN (Litecoin-based product), which returned 22.0% and 14.9% respectively.”
Back then, we also revealed that Peter Brandt was expecting Litecoin (LTC) to outperform the leading crypto soon.
Check out his tweet below:
Litecoin $LTC has broken above Sep high on expanding volume and WBBs so expect retest of 2021 high at 395 or so. pic.twitter.com/BkG0zjo8dW
— Peter Brandt (@PeterLBrandt) November 9, 2021
Someone said: “According to official numbers, your $USD is now losing 1% of its value every 30 days.”
Brandt is also keeping an eye on Bitcoin and says that the king coin is the best bet against inflation.
He also said the following:
Note to my trolls (assuming you can read)
Let me type this really slow so that you might understand — I have only shorted cryptos once in my life (Nov 14, 2018)
I have been continually long $BTC since early Apr 2019. I want Bitcoin price to go UP (spelled U P)
— Peter Brandt (@PeterLBrandt) November 10, 2021
Stay tuned for more crypto news.
