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Litecoin Gemini listing nothing short than gold for LTC, here’s why

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Litecoin has been around the news lately, and this is due to the latest announcement of it being listed on Gemini, a New York-based startup headed by the Winklevoss twins.

The Exchange made this major announcement through a tweet that it will be listing Litecoin (LTC) on its platform in a months’ time. It’s worth noting that the decision was made during the recent Litecoin Summit held in San Francisco, from Gemini Trust Twitter account.

Litecoin’s listing on Gemini Exchange is a great news as the digital asset itself has been subject to criticisms. Its founder, Charlie Lee, recently has addressed the distorted information of FUD (Fear, Uncertainty, and Doubt) surrounding Litecoin.

The Influence of Litecoin Getting listed on Gemini Exchange

Litecoin has been in a dwindling position, and it is striving hard to get a good place in the crypto market which has lots of cryptocurrencies with great utilities. However, Litecoin’s listing on Gemini is a considerable feat for the coin.

Gemini Exchange is one of the best crypto-exchanges in the cryptocurrency market today. The exchange itself has the backing of SEC, and it’s a favorite among crypto enthusiasts.

More importantly, other cryptocurrencies that are already on the platform have boosted the trust of their users or investors in a well-known manner. As a result of that, Litecoin (LTC) investors will also get a boost on faith despite the digital asset still struggles to go beyond the $60 price mark.

Cryptocurrencies such as Bitcoin, Ethereum and ZCash, have been featured by Gemini before Litecoin. With this, Litecoin will join Gemini’s marketplace to boost its stance in the crypto market. Also, this listing will increase Litecoin’s liquidity for its users.

Litecoin’s listing on Gemini Exchange will boom its position, but there is a possibility that it may not move its price to its all-time highs. Last week, Litecoin managed to break above the last major down-trendline, which is a very good sign for LTC but it is heading into the consolidation box.

On the four-hour chart, the consolidation box upper line is also supported with different EMA’s which all starts to work at the support levels. It is necessary to know that at the wake of the Gemini’s announcement of listing LTC, the price of LTC started going well, thus, finding support around $58.5.

More Than 9 Payment Processors Now Support LTC

Charlie Lee has announced that more than nine payment processors now support Litecoin. Some of them are Aliant Payment, BTCPay, Coinbase, CoinGate, CoinPayments, Globee, GoCoin LTCPay, and TravelbyBit. And now, the crypto securing a place on a well-known exchange like Gemini at the time when it’s caught in a lot of FUD might help ease things around it.

The Litecoin CEO have further replied to the FUD surrounding Litecoin that the number of daily transactions has increased. Charlie said in a Tweet:

Litecoin processes $200MM worth of transactions each day. And the network has worked flawlessly for seven years! Litecoin works today as a global decentralized sound money that can’t be censored can’t be reversed or taken away, can’t be counterfeited, and can’t be devalued.”

At the press time, LTC is priced at $55.39 with a market capitalization of $3,237,304,950 after losing its value by 4.35% in the last 24 hours.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Guillaume de Germain on Unsplash

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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