The cryptocurrency market has temporarily returned to green and Litecoin is making the most of the current market move.
After trading below $ 50 for three consecutive days, Litecoin exceeded $ 50, followed by a brief correction. Slowly, but steadily, Litecoin continues to move higher above the $ 50 mark that it has beaten recently.
In the last 24 hours, Litecoin's value increased by 2.73% and is now trading at $ 51.40. Litecoin holds its position as the seventh most valuable digital asset with a market capitalization of $ 3.03 billion.
Litecoin (LTC) can now be managed on Facebook
Lite I.M has added a popular social media platform to its support list, which means that Litecoin holders can now manage their holdings directly on Facebook via Lite I.M.
Michael Rodriguez, the C.T.O. of Lite I.M quotes saying:
"it is quite large 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 ".
Users can now send, purchase and manage their LTC by importing an existing Facebook account on Lite I.M or by making it directly on Facebook. With this, people can now send LTC directly to friends on Facebook without having to know their Litecoin address.
Lite I.M does not control the private keys of its users, which means that users have full control over their funds. They also announced plans to add invoices that would make it easier for users to manage funds.
Lite I.M is a Litecoin portfolio, which previously supported Telegram and SMS, with plans to support and connect multiple social media platforms in the future.
Litecoin is now available on CMC Wallet
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.
This is another extraordinary addition to Litecoin which has accumulated a large number of listings, but the exposure to foreign markets and to the global currencies present in the traditional financial company outperforms the prices of cryptographic exchanges.
itBit receives approval for the Litecoin list (LTC)
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.