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Litecoin Price Prediction – Why MoneyGram News Can Pump Price 10X

Litecoin
Litecoin

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Litecoin, one of the most popular cryptocurrencies in the market, is currently in the news due to its integration with MoneyGram. How much will this affect the digital asset’s price?

LTC Price Movement

Presently, Litecoin trades at $61.41, which indicates an uptrend of 0.95% in the past 24 hours.

LTC Price Chart

Also, LTC has strong price technicals. The digital asset currently trades above most of its moving average (MA) indicators, although the 200-day MA of $62.30 is still above its price.

With a positive moving average convergence divergence (MACD), LTC demonstrates a buy signal, and the digital asset’s relative strength index (RSI) of 52.21 indicates that it isn’t overbought yet.

MoneyGram Integration Fuels LTC Rise

The biggest bullish sentiment for Litecoin appears to be the inclusion of the asset in MoneyGram’s new cryptocurrency services product.

Earlier this week, the cross-border remittance service confirmed that it would allow customers to buy, hold, and sell cryptocurrency via its mobile app. The service will initially be available to customers in the United States, although there is every indication that MoneyGram could expand it to other countries.

MoneyGram also confirmed plans to expand its supported coins beyond the current catalog of Bitcoin, Ether, and Litecoin.

The company is one of the biggest payment services in the world, with a customer base of about 150 million globally and about 47 million in the United States. Its inclusion of Litecoin in its new crypto service opens the digital asset up to a considerably larger user base, which should provide an additional boost for the asset in the long run.

Market Dynamics Still Shaky

While MoneyGram’s crypto integration will undoubtedly be good news, it is worth noting that the bear market isn’t necessarily over yet. The Federal Reserve confirmed an increase to interest rates by 75 basis points earlier this week, taking interest rates to the highest point recorded since the 2008 global recession.

The Chairman of the Federal Reserve, Jerome Powell, has signaled that the agency could continue with the interest rate hikes, although he explained that they could be looking to slow the pace of tightening as well.

The interest rate hike affected markets across the board, with stocks and crypto adjusting after the news was broadcasted.

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As the crypto market reels from the news of the interest rate hikes, several assets still offer the possibility of massive gains. One such digital asset is D2T.

D2T is the native token for Dash 2 Trade, a research and analysis platform that makes it easy for investors in the crypto space to access high-quality insights that can help them refine their positions. The platform offers several impressive features, ranging from notifications on presales and new coin releases to a strategy builder and much more.

With D2T, Dash 2 Trade’s users will be able to pay for its service. Dash 2 Trade is available on two service tiers; Starter and Premium, which cost 400 D2T and 1,000 D2T, respectively.

With interest in crypto expected to grow considerably in the coming months, D2T is a unique asset that investors can buy now for possible gains. And the token is available at a discount price of $0.05.

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