Litecoin Price Gains Despite Facebook’s Libra Stealing Altcoins’ Thunder
By CCN Markets: Litecoin (LTC) entered a positive territory on Wednesday while other top cryptocurrencies trended flat as investors became cautious following the introduction of the Facebook token, Libra.
The LTC-to-dollar exchange rate established an intraday high of $139.66, up more than 3 percent since the Asian session open. The upside action neutralized the pair’s losses in the past seven days. At the same time, it brought Litecoin’s month-to-date gains to 26 percent, with a market value of approx $3.94 billion.
Litecoin Price Surging Higher as Other Cryptocurrencies Trend Flat | Source: TradingView.com, Coinbase
Debit Card, Calibra Announcement
The surge in the Litecoin price closely followed an announcement by the Litecoin Foundation. The nonprofit organization introduced an LTC debit card, an equivalent of a traditional payment card loaded with Litecoin-spending features. The notification read:
