Sunday, January 24, 2021

Cash App Could Add Litecoin (LTC) Soon

Cash App, the famous peer-to-peer payment app could soon listen to the request of Litecoin community members by eventually adding the digital token LTC to join Bitcoin (BTC) on its list of token option.

How Cash App was Prompted to Add Litecoin (LTC)

On 5th December, the peer to peer payment app, Cash App shared a 4 seconds video on its official Twitter handle, where it was advertising and imploring its in-house and potential customers to buy Bitcoin (BTC) via its P2P network.

Seeing this short video where BTC is being prioritized, a supposed Litecoin enthusiast then jump on the tweet with a passionate request for the addition of the digital token LTC on the peer-to-peer payment app, Cash App.

He then collateralized his stern request with a promise of constant use of the P2P app once LTC is added as an option.

He said, “I will use Cash App to buy Bitcoin and Litecoin when they add LTC Litecoin.”

In response to his request, the Cash App Support warmly welcomed his desire of seeing Litecoin (LTC) listed on the trading app.

The Support furthered by pointing out that tons of such request has been received, and adding LTC as an option is now very much under consideration. The Cash App Support then promised to air the announcement once LTC is made ready for addition.

The Support said, “We’ve heard this request before and if this becomes an option, we’ll post an announcement. Thanks, Jean!”

Litecoin (LTC) and other Digital Currencies in the Market

Litecoin (LTC) is one of the top 10 digital currencies in the market. It precisely occupies 6th position based on its market capitalization presently.

At the moment, the situation of LTC and other top coins in the market is underwhelming, as they all bow to the overwhelming pressure of bears. At the time of filing this report, LTC is trading at $40.33, with 7.63% price downtrend in the last 24 hours.

Bitcoin, the first and largest cryptocurrency leads the market price dump, due to its sovereignty on other digital currencies. This moment of bearishness has made BTC lose the psychological support of $7,000.

At press time, BTC is trading at $6,933.01, with about a 3% price plummet on 24 hours basis. Whether the forthcoming Bitcoin halving has already priced in as envisaged by some crypto analysts still remains speculative until after the much-awaited event.

Virtually all other top digital currencies in the market are subjected to the same condition with Bitcoin (BTC) and Litecoin (LTC) cited above. This indicates that the market is opened for loss and gain, depending on the side of the coin that turns to each trader and investor.

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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