Litecoin news today – According to reports, there is another milestone for Litecoin. This time, it is news that LTC holders can now earn some interest on the Edge Wallet that is making headlines. The report comes at a time when Litecoin and the wider digital asset market is going through turbulent times (due to panic and global economic stagnation caused by the Coronavirus). However, it seems things are beginning to stabilize for Litecoin price as the digital asset gained traction at press time. As of when this content was published, LTC price was changing hands at $36.

How to Earn Interest with LTC and Edge

Considering how the crypto market is evolving, this approach makes sense because a passive revenue stream is a good development for everyone considering the current market trend. With Ethereum, earning passive income is attainable by searching into DeFi’s. Users who aren’t interested in Ether can move over to EOS and other crypto projects for similar products as well.

Now, the Edge wallet team is set to allow LTC users to earn some interest. The platform will offer LTC support through which users can earn interest. All Edge Wallet users can earn some interest by holding their LTC tokens in their wallets. This model has been described as an excellent way to incentivize users. It is designed to make users hold more coins through long periods. The move was made possible through Edges’ partnership with Cred.

Litecoin LTC Price Rises Back to $36

After one week of consecutive losses, Litecoin has finally started to stabilize. The LTC recovery will come as a relief to investors following a week in which major altcoins posted significant losses. The price of Litecoin took some bad hits in recent weeks. It even fell through many support levels before hitting a low of $25. Since that time onwards Litecoin price has been recovering. At press time the Litecoin price was trading at $36.00.

While the digital asset (LTC) may be stabilizing, panic caused by the Wuhan virus continues to affect the traditional financial and digital assets market. No wonder analyst NZ Sharman has been pessimistic about Litecoin’s near-term outlook. The analyst noted that the price of Litecoin has since broken above its long term pattern. He added that we can expect more LTC losses in the future before issuing a Litecoin price prediction of $15 in the future. Sharman also remarked that the coin could drop to the $13 support area. However, he rounded up by saying that if LTC fails to hold this position ($13), it could slip to as low as $3 by April 2020.