Rumours of a possible LTC ETF approval are currently raging across different cryptocurrency forums and communities.
While this news is a bullish signal for the Litecoin price, it seems the top traders are neither impressed nor interested. Their footprints can be seen in an emerging PayFi solution, which competes with payment tokens like LTC and XRP.
On-chain metrics continue to show that top traders are quietly investing in Remittix (RTX).
They believe that Remittix will replicate Litecoin’s early price surge and surpass it, becoming more widely adopted as a payment method. Let’s discuss Litecoin’s price action and Remittix’s potential.
Is LTC ETF Happening Soon?
While the rumor of LTC ETF is causing buzz, the feasibility of its approval is very low. Litecoin trading volume and adoption have continued to decline over the years.
While Litecoin remains one of the most widely adopted crypto payment methods, the rise of other crypto payment utilities continues to threaten its dominance. The effects of rising competitors are evident in Litecoin’s price action.
LTC is currently trading at $96.28. According to our analysis, LTC needs to bounce above $93.54 to gather momentum and test a resistance at $99.67. After breaching the resistance, LTC could rise to test $105.96, then $110.60.
However, if Litecoin price drops, it will use the support at $93.54, and may further decline to $88.55 if the level doesn’t hold.
With the increasing number of uncertainties surrounding Litecoin, top traders are positioning themselves in an emerging payment solution that is poised for significant growth upon launch. Let’s talk about Remittix.
Remittix (RTX), The Best Token To Invest In
Remittix is a PayFi solution that facilitates crypto-to-fiat transactions across more than 30 countries and supports over 40 cryptocurrencies. Users send cryptocurrencies converted with a live FX rate on the app, which is then deposited as fiat to the recipient’s account.
It also features a referral program that allows users to earn rewards on the platform. Users will earn a 15% reward on the buyer’s presale purchase in USDT.
Remittix highlights:
- A full CertiK audit has been completed; liquidity and team tokens have been locked for a period of three years.
- Beta testing for the Remittix wallet is now live, with community users actively testing it.
- Designed for both crypto natives and non-crypto users, it can be used by business owners, freelancers, and remitters.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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