Gemini is one of the most important cryptographic exchanges in the United States and is on the same level as Coinbase. Its high level of importance in the market was clearly revealed when the market collapsed after their ETF was rejected by the US authorities. With such a huge influence on the market, it follows that if they list Litecoin (LTC), there will be a huge impact on its price. So, what are the chances that Gemini will insert Litecoin?
Well, yesterday, Gemini announced that its vice president for engineering will present at the summit of Litecoin in September. Take a look at their tweet below
From this tweet alone, it is clear that the Gemini team is exploring Litecoin. Otherwise, it would not make sense to show up at this summit. This tweet is, therefore, a huge reason to be bullish on Litecoin (LTC). This is because the main listings tend to pump up encryption prices significantly.
We have seen all this happen with the listing of Ethereum Classic (ETC) on Coinbase. For the last two weeks, Ethereum Classic (ETC) has achieved an excellent result, thanks to Coinbase's decision to list it. Given that Litecoin (LTC) has a higher position in the cryptography charts than Ethereum Classic, and Gemini has a position that is equal to that of Coinbase, quoting Litecoin could easily push it to over $ 100 in a very short time.
On top of the possible list of Gemini, the summit of Litecoin could have other good news coming. Most likely, huge partnerships will be announced at this summit, as well as some progress on the Litecoin network. A combination of such announcements and a Gemini listing could give Litecoin a massive collection of bulls for the entire month of September.
These factors also combine with the fact that Litecoin is highly undervalued at the moment. At the moment, Litecoin is trading at a huge discount compared to its historical highs. Since it is one of the most adopted cryptos right now, and is trading at under $ 60, its upside potential is unrivaled.
As such, Litecoin (LTC) is the currency to be kept in September. It is relatively undervalued and if there was a huge upside at this point, Litecoin would be one of the cryptos that would offer the best returns. It is already showing a bullish sentiment throughout the day, and now it is around $ 60, and could break above it by the day. A break above $ 60 could see Litecoin testing the $ 62 level. However, if the downward pressure weighs, Litecoin (LTC) could find support at $ 56. Such a fall would be great for long-term buyers, in anticipation of summit of Litecoin.