Litecoin Foundation partners TokenPay: significant step despite being heavily criticized

Litecoin Foundation partners TokenPay: significant step despite being heavily criticized

Charlie Lee pointed out that that LTC and Litecoin Foundation are the different entities, Litecoin Foundation is an organization, created to spread the adoption of LTC, and does it for free. Being a non-profit organization, Litecoin Foundation didn't pay anything for the stake in WEG Bank. The benefit here is mutual Litecoin Foundation could issue its crypto card to promote Litecoin, TokenPay can get help with technical integration into the bank.

Actually, despite being heavily criticized, it’s very important for all crypto industry. Charlie Lee becoming the chairman of a bank can give many benefits to the whole industry. One of the things that crypto needs to go mainstream is easy crypto-fiat conversion, a gateway for entering. It would be enough to have only one gateway, to be able to convert fiat money to crypto, and then use it anywhere. LTC could heavily benefit from being the intermediary asset, like BTC.

Right now, there are tons of faster and cheaper cryptocurrencies, so LTC definitely needs to redefine its selling point. Turning it into the asset, backed by a bank, could strengthen its position as a digital silver. Charlie Lee is one of the smartest men in the industry, and all he cares about is the general adoption of cryptocurrencies. Money shouldn’t be his concern now, as he probably still has a lot of Bitcoins, mined in early days. He sold all his LTC, at peak, but nobody could have guessed in those days that it was the peak, everybody was busy with drawing 'LTC-to-$1000' charts.

Combined, the share in WEG bank of Litecoin Foundation and TokenPay equals nearly 20% of the bank, that automatically gives them a seat in the Chairman Council. Traditional banks dealing with crypto are one thing. Early crypto adopters managing the bank is another thing. Issuing crypto card, integrating crypto in the core of the banking system can be much more effective than all the previous attempts by other companies. So don’t blame Charlie Lee, say thanks to him.


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Bitcoin, Litecoin and Ripple’s XRP Price Prediction and Analysis for July 23rd: BTC, LTC, and XRP

Bitcoin Price Analysis (BTC/USD) Over the last 24hrs, BTC/USD pair has been trading on a sideways market.  On an hourly chart, the horizontal channels that are acting as the pair’s price resistance level $10694.22 and support level $10374.41 that confirmed the sideways trend. An upward price rally was encountered, with the 7 day MA currently situated above the 21 day MA that indicated a bullish sign.  BTC/USD has slightly gained by 0.04% over the past 24hrs. Additionally, it began trading at $10618.19 and is currently at $10618.19. The Relative Strength Index indicator seemed to have gained momentum since it has moved from a low of 36 to a high of 52 that showed an increase in buyouts.  The RSI indicator is currently heading north, which indicates increase confidence in the coin by investors. Bitcoin Price Prediction At the press time, almost all the indicators are pointing towards a bull sign.  The 7 day MA is above the 21 day MA. The RSI indicator is also heading north which, signals further bullish momentum.  New targets should be set at $10700. Litecoin Price Analysis (LTC/USD) LTC/USD pair has also been dominated by a sideways trend with a temporary resistance and support level being defined at $100.43 and $97.24 respectively.  The RSI indicator that was seen hovering in between level 60 and 40 reflected a sideways market momentum. Aside from a sideways trend, the pair’s price market is bullish since it has been supported by the 7 day MA that is currently above the 21 day MA that signaled a bullish trend.  LTC has upsurged by 0.25% over the last 24hrs, having begun trading at $98.92 and is currently at the rate of $99.17. That showed positive investors sentiments. The RSI indicator is currently trading flat showing that the market is currently lacking momentum. Litecoin Price Prediction Currently, the 7 day MA is above the 21 day MA that signals further bullish momentum.  New targets should be set at $100.50, whereby the temporary resistance level $100.43 is most likely to be broken. Ripple’s XRP Price Analysis (XRP/USD) XRP/USD has also traded sideways over the entire intraday.  The horizontal channels confirmed the sideways trend. XRP began trading at $0.33035 that was followed by a massive dip that fluctuated the price down to a low of $0.32175.  The pair’s price later saw a short-term period of consolidation below the support level $0.032208. XRP/USD pair later gained momentum and was pushed up above the resistance level $0.33051 before embarking to a steady flow.  This placed XRP to its current price of $0.032780. The RSI indicator was seen heading south during the last 3hrs, that indicated reduce buyouts.  Apparently, despite an overall bullish sign, that was supported by the 7 day MA that is currently above the 21 day MA. XRP is slightly down by 0.8% that showed negative investors sentiments. Ripple’s XRP Price Prediction The Relative Strength Index indicator is at the moment heading south that signals incoming bearish rally in the next few hours.  New targets should be set at $0.32500. Cryptocurrency Charts By Tradingview Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. The post Bitcoin, Litecoin and Ripple’s XRP Price Prediction and Analysis for July 23rd: BTC, LTC, and XRP appeared first on NullTX.

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