Litecoin might have lost a battle, but there is a war in the crypto market yet to be won as LTC dev team is working on further exposure and development of the technology behind once 5th-best currency. Now, even though Litecoin has taken the sixth spot on the global coin ranking list weeks ago, the team is working on new improvements, one of which includes getting another listing, which seems to be affecting the value of LTC pretty positively as LTC is trading higher. This listing came at the right moment for Litecoin, especially because it carries a great importance in the crypto community. That is how we are interested in finding out more about the mentioned listing as well as following up with what LTC has been doing these days.
Litecoin: Listed on a New Exchange
Getting a new listing is always met with an ecstatic atmosphere and visible euphoria. This is no wonder because acquiring new listings always increases the visibility of the listed coin, especially in the eyes of investors, which is needless to say very important for the further expansion of a digital currency.
In addition to the increased visibility, a new listing also comes with pumped up attainability and accessibility, which consequently increases the market demand as well as the market price. This is the case because, with every new listing, the listed coin gets more visibility on the market, that way trading up and gaining more on its popularity.
On April 20th, Charlie Lee, the founder of Litecoin, announced that Litecoin just got listed on another exchange, stating that as of April 21st, Litecoin was available for live trading on Korbit, which is one of the oldest exchange markets in Korea.
Charlie Lee added further at the end of this post, which soon became viral, that he remembers asking Korbit Exchange years ago to have Litecoin listed on this platform.
Apparently, back then, Charlie Lee and Litecoin got a NO, however, it seems that Korbit recognized LTC as a valuable currency with the ability to meet the market demands set on Korbit. That is how Litecoin finally got listed on the oldest exchange in South Korea. This case will in many ways contribute to the expansion of Litecoin, firstly by increasing its visibility in the South Korean crypto market, which is the largest crypto market in the world at the same time.
In the spirit of promotion of this event, the team also donated 100 LTC, as stated by Charlie Lee.
After having Litecoin officially listed on Korbit when it started with live trading, expanding its market while consequently trading in the green with an increased trading volume, Charlie Lee made another tweet.
This time he tweeted about GeminiDotCom (Gemini exchange) being the only big exchange platform that still doesn’t accept Litecoin. At the end of the post, Charlie Lee addressed Gemini dev team, saying: “What are you waiting for?”
Getting listed on Korbit exchange might consequently lead to having LTC listed on Gemini as well, even though Gemini didn’t make any announcements on this matter.
Korbit, on the other hand, is already doing wonders for LTC as this currency is trading up. This is not a strange case at all, given the fact that Korbit is the first exchange ever to have listed Bitcoin. Besides listing Bitcoin, other major currencies that are trading on Korbit are Ethereum and Ripple, with Litecoin joining them a day ago.
How is Litecoin doing at the Current Moment?
Litecoin has seen some rough days during and even after the market started to plummet with turning into a chaotic market crash that lasted for more than eight weeks. After bouncing off, Litecoin even dropped down one rank below on the global coin ranking list when its place was taken by EOS that had an amazing rebound that consequently increased its market cap that way going up for one spot and taking LTC’s place as the 5th-best currency in the market.
However, as of the recent events, LTC started to trade on one of the oldest exchanges in Korea, Korbit, which consequently made Litecoin trading up in the green. In addition to this benevolent situation, it is expected that Charlie Lee will make his move towards having LTC listed on Gemini exchange, which is at the same time the only big market exchange that hasn’t listed Litecoin yet.
After the latest change in the market and increased visibility of Litecoin on the Korean market, Litecoin started to trade up in the green while gaining 3.49% in rises against the dollar at the moment of this writing, while breaking the value of 150$ in only a couple of hours from its latest raise.
Beside from having LTC trading in the green against the dollar, it is also going up against BTC for 2.05%.
At the current moment, Litecoin can be purchased at the price of 150.55$ per one unit. With this increase, LTC got a bit closer to its record price of 366$ per one unit, as marked back at the end of 2017.
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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. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of mariusz kluzniak via Flickr
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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