Litecoin Surging Today, an Uptrend Over the Past 30 Days
Litecoin (LTC) climbed by 0.05% or $0.03 for the last 4 hours. This records the second consecutive candle; an upward move has happened. With the five instruments in the Top Cryptos asset class, LTC finished by ranking third for the four-hour candle in price change relative to the previous 4 hours.
However, the choppiness in the recent daily price of Litecoin continues. To start the day, LTC came in at a pice of 54.55 U.S. dollars, higher by 0.79% pr $0.43 since the day prior. The move occurred at a lower volume. Then, yesterday’s volume went down by 38.3% from the day before and declined 26.34 from the same day the week before.
In the five instruments in the Top Cryptos asset class, Litecoin settled in rank four for the day regarding the price change relative to the day prior.
In addition to that, LTC is almost in its 20-day averages, seen at 55.66, respectively. Thus, this might be at a key juncture, along with those timeframes. Then, volatility for Litecoin has been shrinking during the last couple of weeks relative to volatility over the past month. Now, whether the volatility reverts or not is something investors need to watch out.
Also, the most apparent trend exists in the 30-day timeframe. And this shows the price moving up during that time. To see things the other way, notice that out of the last 30 days of the price of Litecoin, it has gone up 16 them. Then, for candlestick traders, there is a pin bar pattern emerging on the charts too.
Blockchain Driver’s Licences in South Korea
Elsewhere, South Korea reached one million people who have foregone their physical driver’s license in favor of a blockchain-powered digital alternative used in conjunction with the PASS smartphone app.
And that number represents over 3% of the country’s whole driving population. It sits at 32.6 million licensed drivers in 2019, based on Statista. This is the first-ever authorized digital identification card used throughout South Korea. Also, it received approval by the nation’s Ministry of Science and ICT in September 2019.
Aside from that, the National Police Agency launched the project in May. They did this by working with the Korea Road Traffic Authority and the country’s three major telecommunication providers (SK, KT, and LG U+). Until last month, 27 of South Korea’s driver’s license testing centers used the PASS app to renew and reissue digital driver’s licenses.
Also, they can use the legally recognized ID solution for identification and proof-of-age requirements, like at convenience stores and retail chains selling cigarettes and alcohol. Users show their licenses via a barcode or QR code on the app. Non-Korean residents get English versions of the licenses.
On the other hand, for different industries, like rental cars and shared rides services, they are researching the ability to utilize these IDs as a replacement for face-to-face verification checks.
This week, South Korea revealed multiple integrations of blockchain technology. They will expand Seongnam’s payment program by issuing new digital gift certificates. At the same time, beachgoers in Busan could pay for services with Bitcoin (BTC) and Ethereum (ETH).
