By CCN Markets: Litecoin (LTC) entered a positive territory on Wednesday while other top cryptocurrencies trended flat as investors became cautious following the introduction of the Facebook token, Libra.
The LTC-to-dollar exchange rate established an intraday high of $139.66, up more than 3 percent since the Asian session open. The upside action neutralized the pair’s losses in the past seven days. At the same time, it brought Litecoin’s month-to-date gains to 26 percent, with a market value of approx $3.94 billion.
Litecoin Price Surging Higher as Other Cryptocurrencies Trend Flat | Source: TradingView.com, Coinbase
Debit Card, Calibra Announcement
The surge in the Litecoin price closely followed an announcement by the Litecoin Foundation. The nonprofit organization introduced an LTC debit card, an equivalent of a traditional payment card loaded with Litecoin-spending features. The notification read:
“The soon to be released debit card will enable users to spend the value of their cryptocurrency either online or in physical store locations, anywhere in the world where major credit cards are accepted.”