Litecoin (LTC) Price Weekly Update: Floating over $120.07

Litecoin (LTC) Price Weekly Update: Floating over $120.07

In the course of recent weeks, the build-up around Litecoin (LTC), has decreased and it is nowhere near what it was in the long stretch of January, this year. LTC soared high on January 06 at 296.45 USD. So far it hasn’t been able to reach that level again but remains steady in the range of 111.33 USD to 122.28 USD without much trouble.

A review of Litecoin (LTC) over the week shows  LTC at 118.86 USD on May 26 after which it goes uphill and currently stands at 120.07 USD. Although Litecoin (LTC) has increased by 1.71 USD over the week it is still unsure whether LTC will go upwards or downwards in the coming days.

There has been an increase of 1.37% in the last 24 hours and LTC faces resistance at 120.07 USD mark. As of now, it stands on the 6th rank with a market cap of 6.8 billion USD.

In other news, in a recent announcement, Tapjet has confirmed a mutual deal of accepting Litecoin (LTC) for their payments of private jet booking.

Another company in the same sector that has done something same is SurfAir. SurfAir is expected to start accepting Litecoin [LTC]. Charlie Lee, the founder of Litecoin (LTC) tweeted earlier today:

“On the heels of @TapJets accepting Litecoin, I just got confirmation that @SurfAir is also accepting LTC now in addition to BTC and ETH. More info on this next week! More places to #PayWithLitecoin.”

SurfAir, a cargo company from California, which provides various services is based on commuter airline. As per the founder, Litecoin (LTC) is a firm payment alternative on SurfAir. So far no further details have been shared by either end. A majority of the sectors all across the globe have opened up to the benefits of blockchains and the currencies based on the technology knowing the usefulness and trend.

The expectations on Charlie Lee and his coin have increased from the supporters. They are hoping that there will be a raise once the detailed official announcement will be released by either of them.

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.