Litecoin {LTC} Foundation announces partnership with UNICEF Kid Power; coin yet to breach the $75 mark

Fibo Quantum

Just like many other projects, the Litecoin Foundation presides over LTC. A new venture was reported via Twitter. UNICEF Kid Power is a subsidiary of UNICEF USA and works to making lives for children a more joyful experience. UNICEF attends to malnourished children all over the globe.

The press release states that the purpose of this program is “financial empowerment”. Planning involving money is a huge deficit across the world, as economies keep getting influenced by periods of recession. Blockchain Technology holds the key to the future, and such initiatives will help kids make a better choice, even if it involves fiat transactions.

The daily RSI [for 10 periods] stands at 34.34 and might soon drop below the level at 30. This will bring LTC back in oversold territory. The Awesome Oscillator peaks are below the zero line with the one on 24th this month being brown. This indicates that bears are still driving the altcoin in a downward direction.

Support exists close to the $70.227 mark, while resistance will be felt if the asset manages to climb to $79.25. Adoption will increase as a result of this program, as children get to know more about the benefits of using cryptocurrencies. The Litecoin Summit scheduled for the end of October this year will have a crucial role.

Litecoin is ranked at #5, above Tether and Binance Coin in the market. The price sunk by 1.13% in the course of the past 24-hours. The trading volume recorded is $2.406 billion, whereas the supply has 63,129,124 LTC coins in play. As of this moment, the total market cap of Litecoin is $4.565 billion. At present, LTC is priced at $72.31. Litecoin has been fluctuating near the same area for almost a week.