- Litecoin price is hovering just above Monday’s high at $205, suggesting the start of a new uptrend.
- LHV Pank will allow its customers to trade LTC and other cryptocurrencies.
- A breakdown of the $172 support level will invalidate the bullish thesis for the altcoin.
Litecoin price looks ready to reverse its temporary downtrend as it bounces off a vital demand barrier. A potential spike in buying pressure could kick-start a rally, but LTC needs to surpass one crucial level.
Adoption takes a new road
Litecoin adoption has increased a lot in 2021 and the most recent addition is LHV Pank, an Estonian banking and financial services company. The institution announced on November 21 that it would allow its customers to invest in Litecoin and other cryptocurrencies. This development makes LHV the first Estonian bank to enable its customers to buy and hold crypto assets.
Bitcoin, Ethereum, Uniswap, Aave, Chainlink, Stellar Lumens, Polygon and Aave, are the other assets that Estonian citizens banking with LHV Pank can trade.
The first bank in Estonia, LHV, the countries largest domestic financial group and capital provider announces trading in #Litecoin and investing directly in #crypto assets!
Learn more at: https://t.co/ZLblam6VSN #Estonia $LTC #Crypto pic.twitter.com/qAuBQxJcBZ
— Litecoin (@litecoin) November 21, 2021
