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Gemini is going to add Litecoin support and the LTC price increases

Personality Crypto and founder of Litecoin, Charlie Lee discussed the summit of San Francisco Litecoin during a recent interview with Fast Money of CNBC .

Lee wants people to focus on adoption and technology

CNBC & # 39; s Brian Kelly asked Lee what he wants the event participants to take away from the Summit, and the answer it was more than satisfying.

"I would like people to focus on technology, adoption, and adoption by traders and also on how to scale, so things like the Lightning network, sidechain and things that could help Bitcoin and Litecoin climb … "Lee said.

"And I think that with the currently depressed price, it's a good time for people to sit and lower their heads

The event has passed, and if we look back to see what happened there and what they are the most important developments and revelations, there is much to digest.

Gemini will add LTC support

Probably the most important announcement of the Summit was the fact that Gemini, the startup based in New York led by the famous Winklevoss brothers, will add LTC support shortly, on October 15th of this year.

This is the development referred to by Lee during the interview we mentioned above.

The great news was revealed at the event last Friday by Eric Winer, vice president of the exchange of Engineering

"We are working to add Litecoin … we are pleased to announce that Gemini will launch the support for Litecoin starting October 13, 2018!" [19659007] This integration was seen by many rumors in the cryptosphere, in particular due to the fact that the exchange supported by Winklevoss obtained regulatory approval from the New York Financial Services Department to list BCH, LTC and ZCash This was reported in May.

All of these show that Gemini is going to expand its product line and the latest announcement that the Gemini Trust will launch a stablecoin that will take the name after the exchange To support this statement.

At the moment, Litecoin (LTC) is trading in the green at $ 6,489.14 on Coinmarketcap.

Andreas Townsend Author

I am a writer, author and technical blogger since 2005. An observer of the industry that remains updated on the latest news, extremely fond of financial news and everything related to cryptography.

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