• Bob Moore Auto Group accepts payments in Litecoins via a partnership with Aliant Payments.
  • LTC/USD has a chance to extend the recovery once $34.00 is cleared.

Bob Moore Auto Group entered a partnership deal with a payment processor Aliant Payments to allow Litecon owners to purchase cars with their coins.

"Bob Moore Auto Group has signed on with @AliantPayment to accept Litecoin at their dealerships! The first to have it will be the #1 dealership in Oklahoma City, ”Litecoin’s creator Charlie Lee commented in his Twitter account.

Oklahoma-based Bob Moore Auto Group sells cars of such iconic brands as Audi, Buick, Cadillac, Chrysler, Dodge, Ford, GMC, Infiniti, Jaguar, Jeep, KIA, Land Rover, Maserati, Mazda, Nissan, Porsche, Ram, and Subaru.

In separate news, it has become known that Litecoin is now available in Chrome extension Moon. This integration allows consumers to pay in cryptocurrency for Amazon goods.

Positive news served as a stimulus for Litecoin bulls as the coin recovered strongly at the end of the week and tested $34.65 high on Sunday. While LTC failed to hold the ground, the upside momentum may gain traction, as long as it stays above $30.00. LTC/USD is changing hands at $33.48, down nearly 2% on a day-over-day basis and unchanged since the beginning of Monday.

Looking technically, we need to see a sustainable move above $34.00 to set the recovery ball rolling with the next target at $41.00 - January 8 high.

LTC/USD, the daily chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin market update: BCH/USD sellers catalyze the breakdown under $220

The crypto market is bleeding across the board. Major cryptos like Bitcoin and Ethereum fall overnight while Bitcoin Cash engaged the reverse gear during Wednesday’s European session. From an opening price of $226.97, BCH ascended to an intraday high of $227.76. 

More Bitcoin Cash News

IOTA price analysis: IOT/USD loses ground, moves within the recent channel

IOTA, the 17th largest digital asset with the current market value of $745 million, has been moving in a tight range recently. The coin has lost 1.8% of its value on a day-to-day basis amid global sell-off on the cryptocurrency market.

More IOTA News

Ethereum price prediction: ETH/USD collapses below $170.00 – Confluence Detector

ETH/USD surrounded $170.00 support amid massive sell-off on the global cryptocurrency market. ETH, the second digital coin has lost over 4% of its value in recent 24 hours to trade at $167.00 by press time.

More Ethereum News

Facebook’s Libra could be regulated by the SEC: The US Congress draft bill reveals

Facebook is yet to find a regulatory breakthrough for its proposed digital project, Libra. However, if the United States Congress goes ahead with the proposal to draft a bill describing stablecoins, Libra could quickly fall under the wings of the Securities and Exchange Commission.

More Libra News


Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

Read the weekly forecast