Litecoin [LTC] tries to escape the clutches of the bear; update announcements try to lend a hand -AMBCrypto

The cryptocurrency market seems to be coming out of its slump with a lot of cryptocurrencies trying to get out of the bear’s grasp. Litecoin [LTC] which has been announcing multiple updates over the past few weeks has also joined cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP in trying to climb out of the bear pit.

The Charlie Lee founded cryptocurrency was recently given a boost when Wirex, the currency exchange platform, and cryptocurrency wallet provider revealed that LTC along with XRP and ETH has been added to its fold. Wirex tweeted:

“We will soon be launching Wirex prepaid cards in the USA! For the first time, US-based Wirex users will be able to instantly buy and convert #XRP#BTC#LTC#ETH into USD – letting you spend your digital tokens seamlessly in everyday life.”

The move is targeted for the holders and investors in the United States who will be able to handle their holders on the Wirex app or the internet browser. The news was met with a lot of enthusiasm by the community with one investor stating:

“This is massive for mass adoption. Thank you wirex! I hope we can top up seamlessly and pay at the counter with fav crypto.”

Charlie Lee also made news when he stated that his main aim is to get Litecoin listed on all the main cryptocurrency exchanges to increase the cryptocurrency liquidity, especially after the Mt.Gox collapse. He said:

“Ever since MtGox announced Litecoin support in 2013 and failed to deliver, I’ve been on a mission to get LTC added to exchanges to help increase liquidity. With the launch of LTC on Gemini today, every single major Bitcoin exchange supports Litecoin. Mission accomplished!”

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