On Friday (December 18), according to data by CryptoCompare, Litecoin (LTC) is trading above $108, its highest level since 11 July 2019.
Currently (as of 11:40 UTC on December 18), LTC-USD is trading around $108,22, up 7.84% in the past 24-hour period.
In December, the Litecoin price is up 23.44%, and even more impressively, the Litecoin price is up 123% in the past three-month period.
On August 30, the Litecoin Foundation has announced that global FinTech firm Ternio, in partnership with the foundation, was “rolling out its latest white-label card.” It said that the Litecoin Card is “a crypto debit card, allowing users to load it with Litecoin and spend it at one of over 50 million merchants worldwide.”
The Litecoin Foundation’s blog post went on to say that the Litecoin Card is “the most efficient way to make a purchase with Litecoin or to withdraw it as cash at an ATM.” It noted that unlike other crypto debit cards that hold users’ funds in a proprietary currency, the Litecoin Card is “ideal for Litecoin enthusiasts who are committed to keeping their funds in Litecoin until the point of sale.”
Charlie Lee, creator of Litecoin, had this to say at the time:
“The Litecoin Foundation is excited to partner with Ternio for the upcoming release of the Litecoin Card. Ternio’s versatility and ability to give customers the power to stay in LTC up until the point of purchase made them the natural platform of choice.
“The Litecoin Foundation spent months crafting everything from user experience to the card design itself and I could not be more excited to get this in the hands of Litecoin holders and spenders.”
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.