Trading Recommendation; Litecoin – LitePay a Game Changer

Lіtесоіn is a open source рееr-tо-рееr сrурtосurrеnсу developed by Charlie Lee. Inspired by Bitcoin, Litecoin exhibits many of the best qualities of bitcoin such as decentralization, restriction-less transaction, and scarcity.While being very technically similar to Bitcoin, Litecoin is known for being much cheaper and quicker to transact. This quality, along with Litecoin’s dedicated community and its ease of access through coinbase makes Litecoin a ideal payment solution for the cryptoeconomy.

Market Cap: $8.3 billion

Current Price: $151.26

All time High: $420.71

Fundamental Analysis
In the past few months, many vendors have actually turned its back on accepting Bitcoin due to high fees and lenghty transaction time. Litepay solves this problem by allowing vendors to utilize the lightening fast and cheap Litecoin as a medium of exchange. LitePay allow Litecoin to be usable anywhere that visa is by converting the payment into fiat and settling it directly to the bank.
LitePay will also have the low 1% settle fees compared to the 2% charged by PayPal and 3% charged by credit card companies. Vendors will have extra incentive to implement LitePay due to the growing popularity of crypto and Litecoin along with the advantage of no charge-backs.

Upcoming Events
Feb 26th LitePay Launch
Technical Analysis

After a epic bull run last year, the coin recently shredded much of its valuation last month as the Cryptomarket faced regulatory pressures. After testing support twice at $100, LTC has found strong support at that region. A bullish descending wedge is forming for LTC and on the shorter time-frames we can see a bull-flag consolidating for the next leg up. A break above $175 would take coin back into bull-market territory with a target of $280 and above. Due to the strong upcoming catalyst and solid fundamentals, this is a low risk but high reward trade.

Target: $280+