Litecoin News Today – Pornhub’s Adoption of Litecoin Might be Just What is Needed to Changed the Game for LTC – September 5th, 2020 

  • Transaction Volume on the Litecoin Network Spiked Significantly Right After Pornhub’s Integration of the LTC Token
  • Litecoin LTC Has Lost More Than $20 Over the Last Week, is a Bottom Near? 

Litecoin News Today – Litecoin LTC, like every other cryptocurrency on CoinMarketCap, has been stuck in a bearish downtrend for the last week. However, the transaction volume on the Litecoin LTC ledger spiked by more than 55.8% shortly after Pornhub announced the successful integration of the LTC token. Pornhub subscribers can now pay for their subscription with LTC just like they pay with USD. This brings the number of merchants that allow LTC’s payment up to 2,100. The information was reported by the analytics firm, Glassnode. Glassnode posted a Twitter update noting that the spike in LTC transaction volume is encouraging.

Litecoin News Today – Surge in LTC Transaction Volume Doesn’t Translate to Surge in Price

At the time of writing, the price of the Litecoin LTC token was $48.73. It is down by 3.61% against the USD and down by 2.11% against Bitcoin BTC. The trading volume over a 24 hour period was $2,629,555,435 and the market capitalization was $3,186,211,397. The token was trading well above the $60 level two weeks ago. The support at this level held for a whole until the bulls could no longer cope and the price of the token declined. This decline was at a faster pace over the last two days showing that the rise in transaction volume doesn’t necessarily mean a rise in the price of the token itself.

While the Pornhub integration of LTC payment hasn’t led to an instant surge in the price of the token, it is still important to note that such a deal can pave the way for a large scale adoption of the LTC token. Pornhub has been growing consistently over the years. In their 2019 annual review, the company reported over 42 billion new visits throughout the year. This brings the daily estimate to about 115 million. Isn’t that amazing?

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$89.68

They also recorded more than 39 billion searches. This indicated an increase of 8.7 billion from 2018. The search trends included but weren’t limited to celebrity names, trending search topics, etc. More than 6.83 million new videos were uploaded. This year, the company is going to receive more exposure and make more profit thanks to the Coronavirus pandemic that has kept people at home or prevented them from being as busy as they used to be. With this kind of exposure, there is no telling how great things will be for Litecoin LTC is only a few people Pornhub’s list start using the LTC.

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