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Marko Jovicic

LTC

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Hi Marko, thanks for the question.

Litecoin was in the focus of the media in the past few days after the Litecoin Foundation entered into a partnership with the video game-maker Atari to offer an approved payment method for investors who plan to buy Atari Token. 

Litecoin will be used for the Atari’s long-awaited VCS game console, meaning that people who buy the console using LTC will get a discount. 

“We are pleased to have Litecoin as a means of payment for the Atari Token Sales. Litecoin’s ease-of-use and low transaction costs make it a perfect fit for use alongside the Atari Token and other projects,” Atari’s Chief Executive, Fred Chesnais said.

As far as the LTC price is concerned, the coin printed a 15-month low at $25.00 in March. Since the price action has been trading mostly sideways to create a symmetrical triangle. 

As the two trend lines have now almost converged, we may expect a strong move in one of the two sides very soon. Hence, much depends on the direction of the next move. If higher, watch out for the area $49 – $51, while the zone between $38 and $39 is likely to provide support.


 

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