{"id":373395,"date":"2019-03-04T19:00:35","date_gmt":"2019-03-04T19:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=373395"},"modified":"2024-06-11T21:14:18","modified_gmt":"2024-06-11T21:14:18","slug":"opportunity-for-litecoin-ltc-kroger-bans-visa-citing-high-fees","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/opportunity-for-litecoin-ltc-kroger-bans-visa-citing-high-fees\/","title":{"rendered":"Opportunity for Litecoin (LTC), Kroger Bans Visa Citing High Fees"},"content":{"rendered":"
If by any chance Kroger accepts Litecoin after banning credit card fees due to high fees, Litecoin (LTC) will surge. The coin is up to fifth and 4.6 percent from last week\u2019s close as bulls cement their position shaking off sellers. <\/em><\/p>\n From inception, Litecoin founders were very specific. With all the pomp of a censorship resistance and global money that will eventually be a medium of exchange as well as a store of value, Litecoin wanted to be silver to this digital Gold.<\/p>\n To some extent, they have been successful. Thanks to their low fees\u2014expected to decrease to a tenth of current transaction rates and fast block generation, merchants are slowly gravitating and trusting this new form of digital money. If anything, they are actively contributing to the burgeoning blockchain ecosystem where everyone has control of their assets.<\/p>\n With low-fee architecture, we also expect more to use Litecoin, and if we add to Mimble Wimble and the possibility of private transactions, it\u2019s an all go for Litecoin. They may also capitalize and even convince Kroger<\/a>, which recently banned Visa cards citing high fees, in their Smith\u2019s Food & Drug Stores. If they do, LTC prices will undoubtedly surge from spot rates.<\/p>\n <\/p>\n At spot rates, Litecoin (LTC) is up 4.6 percent in the last week but down 4.4 percent in the previous 24 hours. It is understandable because this draw-down has been across the board. Even so, it is clear that the trajectory, the path of least resistance is upwards as our trend line shows.<\/p>\nLitecoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangements<\/h3>\n