Litecoin (LTC) is surging on the market today, as most of the top ten remain stagnant. LTC is currently trading for $247.59, up 10.02%, in 24 hours.
In the past week, Litecoin has surged nearly 60% in its price. The start of its surge was from LitePay Inc’s announcement of a new payment platform made specifically for Litecoin. The tweet reads, “We started because the people asked BitPay to accept LTC. They wouldn’t so we took the challenge.” The company will begin signups for its platform on February 26th, as it is currently in its beta testing stages. If you’d like to sign up for LitePay, you can do so here.
A Litecoin wallet will also become available to the public and will be available for all desktop and mobile browsers. LitePay will also roll out an official Litecoin VISA debit card, which users will be able to spend LTC wherever VISA is taken as well as take Cash out from an ATM that is registered with VISA.
What is Litecoin Cash?
Litecoin’s Founder, Charlie Lee, gave a public service announcement a few weeks ago via Twitter (NASDAQ:TWTR) about the potential Litecoin fork. Lee called it a ‘scam’ and made sure crypto investors knew that it was no way related to the actual Litecoin team. This isn’t new or surprising as there are already three other Litecoin forks: Litecoin Plus (LCP), LiteCoin Ultra (LTCU), LiteCoin Gold (LCG).
On Sunday, Litecoin Cash (LCC) was born on the hard fork that occurred on block 1371111. LCC landed on Yobit, a Russian cryptocurrency, yesterday and in a days time the coin skyrocketed in price almost 1,000%. LCC has yet to be listed on Coinmarketcap or Livecoinwatch and is not supported by many of the major cryptocurrency exchanges as yet. It remains too early to tell if Litecoin cash is a pump and dump or if it has any legs. We will continue to monitor its movement at cryptocurrencynews and update with any changes.
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