• Litecoin (LTC) snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower.
• Solana (SOL) extended recent declines, falling by as much as 7%.
• Technical indicators suggest that litecoin may continue to rise, while solana could be poised for further losses.
Litecoin Snaps Losing Streak
Litecoin (LTC) ended a four-day losing streak on Wednesday, as prices moved away from a recent support zone. LTC/USD rose to an intraday high of $95.36 earlier in today’s session, which comes 24 hours after falling to a low of $92.48. Since hitting a price floor of $91.50 to start the week, litecoin bulls have somewhat resurfaced.
Relative Strength Index
This has also delayed what many expected to be an inevitable downward crossover, between the 10-day (red) moving average, and its 25-day (blue) counterpart. Both trend lines now seem to be heading upwards, and this comes as the relative strength index (RSI) also climbed. The index is now tracking at 50.44, after bulls rejected a breakout of a floor at 49.00.
Solana Extends Declines
Solana (SOL), on the other hand, extended recent declines, as the token remained in the red for a second straight day. Following a high of $25.43 on Tuesday, SOL/USD slipped to a bottom of $23
• Wirex, a digital payments company, has become a global partner of Visa.
• The partnership allows Wirex to offer its crypto card services to customers in over 40 countries.
• Customers can use their cryptocurrencies to pay at 80 million locations where Visa is accepted worldwide and receive 8% cashback.
Wirex Becomes Global Partner of Visa
Wirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. With this move, qualified as a significant milestone by the company, Wirex will now be able to reach customers in new markets, targeting areas like APAC and the U.K.
Crypto Card Services Reach New Markets
The new partnership means that Wirex will be able to offer its crypto card services to APAC and U.K. markets. The company offers cryptocurrency-linked card services and with this partnership it will be able to reach customers in over 40 countries. This agreement builds on prior Wirex endeavors which became a principal member of Visa in Europe in 2020 and raised $15 million in its Series B funding round 2022.
Features for Crypto Payments
The objective of this partnership is to bring more cryptocurrency-linked payment means to more markets around the world, allowing digital natives to pay with crypto even at legacy merchants. Customers of Wirex cards can use their cryptocurrencies to pay at 80 million locations where Visa is accepted worldwide, receiving 8% cashback at the same time.
Uplifting Crypto Adoption
Matt Wood head of digital partnerships at Visa in the Asia Pacific region stated: “Visa wants to bring more payment options tp consumers by connecting digital currencies with our network of banks and merchants” He added that they are excited that Wirex is expanding their focus on Asia Pacific making it easy and seamless for people o spend their crypto balance at millions of merchants that accept Visa in the region.
Svyatoslav Garal regional managing director at Wirex APAC praised the role of Visa bringing crypto opportunities into more countries he stated: „It’s great o stregthen our partnership with visa who have played an important role in allowing us o bridge gap between traditional and digial economies.“
• The Graph (GRT) token surged by over 35% on Tuesday, hitting its highest point in 9 months.
• Litecoin (LTC) also rose, breaking a three-day losing streak and edging closer to its May high.
• Both tokens have seen strong gains this week, with the Graph up by 100.63% and Litecoin up by 15.31%.
The Graph (GRT)
The graph token surged by over 35% so far on Tuesday, as markets continued to be buoyed by the growth of its ecosystem. Since allowing integrations to new blockchains, prices of the indexing protocol’s native token have jumped by over 200% from 2022 lows. GRT/USD rose to an intraday peak of $0.1848 earlier today, a day after prices hit a low of $0.1278. As a result of this move, GRT/USD jumped to its strongest point since May 17, last year. Overall and as of writing, GRT is up by approximately 100.63% in the last seven days, and this comes after bouncing from a support at $0.090.
Litecoin (LTC), on the other hand, snapped a three-day losing streak, moving back towards recent highs. Following a low of $95.57 on Monday, LTC/USD jumped back above $100.00 on Tuesday, hitting a high of $100.13 in the process Today’s rebound in price sees litecoin edge towards a resistance level at $101