One of the best performing cryptocurrencies in recent weeks is Litecoin. LTC has accumulated a 108% gain since the end of November, a time during which it has enjoyed the tailwinds that the all-powerful Bitcoin has generated.
Litecoin has been on this upward path, relying on a bullish channel that it had broken in yesterday’s upper bound.
Litecoin picked up steadily on the charts at the start of the year, with its movement backed by Bitcoin’s own surge. In fact, for a brief while, LTC even toppled XRP’s market value and became the fourth-largest cryptocurrency.
However, as the ineludible correction hit Bitcoin, Litecoin was halted in its tracks and its market cap moved below XRP’s once again. Indicators suggested that the selling pressure could persist over the next few trading sessions.
Top 5 Businesses that Accept Payments With Litecoin
Litecoin is one of the most valuable digital currencies in the market. It was created to improve the structure of Bitcoin. Even at that, Litecoin has become increasingly popular as a payment option in recent times. If you have some Litecoins and are wondering where to use them, keep reading to find out the top 5 places that accept Litecoin payments.
1. Spend Your Litecoin on eGifter
This is a New-York based gift giving site that has allied with GoCoin to offer Litecoin and Bitcoin payment options to users. According to the team, accepting Litecoin payments is a good business move as many retailers have reported a massive boom in sales after accepting payments in Bitcoins and Litecoins.
- Pay for IT Services to Ellenet
This is an Australian provider of IT solutions that accept payments in Litecoin and Bitcoin. The firm has grown a great deal since it was established in 1998 and is making plans to expand even more. The company teamed up with Petabit Pty. Ltd, a digital marketing company that works with Litecoins and Bitcoins. The partnership is what has allowed Ellenet enable Litecoin payments.
- Make a Donation to Sean’s Outpost
This is a homeless outreach center that is committed to improving the Satoshi local communities by accepting Litecoin donations. The outreach provides meals for poverty-stricken people. The team behind the project is positive that more donations will be made to promote their mission through Litecoins and Bitcoins.
- Buy mining Hardware from KnCMiner
This is a company that deals with mining hardware giving cryptocurrency lovers opportunities to earn Bitcoins and Litecoins. The mining hardware you intend to buy can be purchased with Litecoins making it fit.
- Buy a Car on Benz and Beamer
You can get the best auto deals on Benz and Beamer with Litecoins. Their transactions go through GoCoin and make closing deals fast and efficient.
These are the top five places to use your Litecoins in case you’re tired of trading with them.
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