Litecoin ($LTC.X) giving the entire cryptocurrency world a bit of a surprise with its almost out-of-nowhere spike. MoneyGram ($MGI) just announced that users can now buy, sell, and hodl Bitcoin ($BTC.X), Ethereum ($ETH.X), and Litecoin on their app.
However, Bitcoin and Ethereum did not get the big spike Litecoin did. Why? Who knows – but it could likely have a lot to do with how Litecoin isn’t part of the cool kids club anymore. Litecoin moved to a different school district which is bigger. LTC might have been a big deal at his smaller school, but that’s no longer the case.
At the time of writing, Litecoin is well above its daily open but has given up some of its gains. It remains 11% above for the day. But the incoming US interest rate decision could easily reverse these gains – or, because crypto sometimes doesn’t make sense, add to the gains. 💡
