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Litecoin was below USD 50 for a while in which all the major scramblers were facing a price slump. But a series of positive news finally took the price of the currency that finally took the coin over $ 50 dollars.
The addition to a new market, new exchanges and Facebook has finally lit Litecoin
In the last 24 hours, Litecoin's value has increased by over 1% and is now trading at $ 51.06. Litecoin holds its position as the seventh most valuable digital asset with a market capitalization of $ 3.01 billion. This was the result of some positive news that hit the road one after the other
Lite IM, the Litecoin portfolio, has added the famous social media platform to its support list which means that Litecoin holders can now manage their holdings directly on Facebook via Lite IM Users can now send, purchase and manage their own LTC by importing an existing Facebook account into Lite IM or doing it directly on Facebook. With this, people can now send LTC directly to friends on Facebook without having to know their Litecoin address. The portfolio, previously supported by Telegram and SMS, plans to support and connect multiple social media platforms in the future. Michael Rodriguez, the C.T.O. of Lite I.M quotes saying:
"It's pretty big as the first crypt on facebook is litecoin, and this opens the door to a user base of around 2 million people around the world – it's also the beginning for us because we have big projects in store" .
In other news, Litecoin has been added to the CMC markets portfolio and to the Bit exchange.
A few hours after the announcement of Lite I.M, CMC Markets, a UK-based commercial company announced the addition of three cryptocurrencies; Bitcoin Cash, Litecoin and Ripple on its platform. CMC Markets offers almost all types of financial instruments known to man, including spread bets. The platform boasts the support of over 300 currencies globally, including Bitcoin, Ethereum, Gold, Silver, Bonds, Stocks and Treasury. While CMC markets may not be a home for cryptocurrencies, Litecoin is bound to benefit from being supported by a traditional finance company with this level of breadth.
To add to the already impressive ad list, itBit, an exchange of U.S. cryptocurrencies regulated by NYDFS has received the approval of the regulatory agency for the list of Litecoin (LTC).
Last month, the NYDFS gave approval to Coinbase and Gemini to list Litecoin. A list on itBit will help to continue the recovery of Litecoin and should improve the value of Litecoin in the coming days.
It was impressive for Litecoin as it accumulated a large number of ads. While Litecoin is in every exchange, now we must wait for adoption and we will soon see Litecoin challenging the Bitcoin kingdoms.
When do you think Litecoin will touch USD 100? Let us know your opinions on the same?
Summary
Item name
Litecoin regains the value of 50 USD as a series of positive news
Description
Litecoin was below USD 50 for a while in which all the major scramblers were facing a price slump. But a series of positive news finally took the price of the currency that finally took the coin over $ 50 dollars.
Author
Achal
Publisher name
coingape
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