Las Vegas Businesses Embrace Bitcoin Payments, Reducing Transaction Fees
- Merchant Adoption: Local businesses in Las Vegas are increasingly accepting Bitcoin payments, primarily due to transaction fees being a fraction of credit card costs, which lowers overall operating expenses and enhances profit margins for merchants.
- Customer Usage Growth: Mike Peterson, CEO of Bouncy World Mega Playground & Cafe, noted that since accepting Bitcoin, the number of customers using it has steadily increased to about 20 to 30, indicating a growing acceptance of Bitcoin in the local market.
- Employee Incentives: Steak ‘n Shake has introduced a Bitcoin-based employee bonus of $0.21 per hour worked, with a two-year vesting period, aimed at attracting and retaining staff while increasing their awareness and usage of Bitcoin.
- Bitcoin Market Dynamics: Despite a 1% drop in Bitcoin over the last 24 hours and a 25.4% decline in trading volume, the adoption rate among U.S. merchants has surged by 53% year-on-year, reflecting the increasing prevalence of Bitcoin payments in the business sector.
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Technical Analysis for LTC
Technical Sentiment Analysis for Litecoin (LTC) As of , Litecoin (LTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Litecoin (LTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 24.974 | 35.022 | 46.374 | 56.422 | 67.774 | 77.822 | 89.174 |
| Fibonacci | 35.022 | 43.197 | 48.247 | 56.422 | 64.597 | 69.647 | 77.822 |
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