Earlier this week, Japan-based news agency Nikkei reported that the Japan Virtual and Crypto Assets Exchange Association (JVCEA) will release a “green list” of 18 cryptocurrencies that would be free from being checked every time.
Litecoin is included in the list, along with Bitcoin, Ethereum, and a few other cryptocurrencies. Despite losing popularity and market capitalization, LTC is still a preferred asset. The symbol of “Silver to Bitcoin’s Gold” continues to work in the favour of altcoin. One of the key reasons why many crypto payment accepting services and platforms have kept Litecoin on their list.
In fact, one of the sources recently reported that Litecoin, along with Dogecoin and XRP, was one of the top cryptocurrencies utilised for sports betting. This is to backtrack fundamentals of the assets, which have allowed it to create an active and steady investment community.
Furthermore, the recent surge has instilled confidence in investors. Within two days, the community’s unfavourable feeling had shifted to a positive one. If LTC retains its position, this can continue to develop in strength.
The altcoin was trading at $124.4. LTC was able to break through the ten-month-long downward wedge. Simultaneously, it has retested the important support level of $123. It is critical that Litecoin maintains its current pace, or else a relapse will result in LTC crashing through the wedge.
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