Tron (TRX) and Litecoin (LTC) have distinguished themselves among the top performers among the main overcoins that started on Wednesday, adding both about 6% of their value.
Both coins were the subject of Binance's announcement this morning that LTC and TRX would earn new pairs of stablecoin on its platform. The newly established TRX / PAX and TRX / USDC pairs will go online on Thursday 24th January, becoming part of the TRX / USDT and TRX / TUSD markets already on the stock exchange.
Litecoin is going to make even more cash with the addition of LTC / TUSD, LTC / PAX, LTC / USDC, combining the existing Tether (USDT) currency.
Binance adds Stablecoin pairs
As per Wednesday announcement on the Binance blog:
"Binance will open trading for LTC / TUSD, LTC / PAX, LTC / USDC, TRX / PAX and TRX / USDC trading pairs on 2019/01/24 10:00 (UTC)."
Over $ 22 million of Tron's volume comes from Binance's TRX / USDT and TRX / TUSD transactions – just over 10% of the daily money volume.
Meanwhile, Litecoin is less represented on Binance, with its volume of $ 6 million LTC / USDT equal to about 1% of the daily total.
Tron has confounded technical analysts several times in the past week as he continued to climb into a declining market. This trend continued today, as TRX rose from $ 0.025381 to $ 0.027123, an increase of 6.8%.
The TRX volume fell to $ 200 million, down from the weekly high of $ 300 million. But with an increase of 15% within a few hours Tuesday morning – up to $ 230 million – the volume could be on the rise again.
Threatening signals from technical analysts suggest that TRX must break and close above $ 0.03, otherwise it risks losing much of its recent gains. With multiple exchanges currently undergoing expansion advertising for the upcoming launch of BitTorrent Token (BTT) to TRX owners, it would now be more likely any time for an increase of 11% in the $ 0.03 range.
LTC has moved 6% in the last twenty-four hours, rising from a valuation of $ 30.32 to $ 32.15.
The currency has decreased by 9% from Sunday to Tuesday. The volume of trade has increased by 20% since yesterday, although the presence of ZB.COM as the most active exchange leaves open the question of how much of it is real.
Litecoin was particularly absent from yesterday's marketing appraisal by author William Mougayar, who posed "over-marketed" accusations at Lisk's door, EOS, Tron, et al. Given that LTC was front and center advertised during the recent UFC 232 event, Litecoin is no stranger to bold marketing efforts.
The level of consumer impact from the UFC event is difficult to assess, however, the Litecoin Foundation has has already introduced the updated LTC graphics based on feedback received.
Meanwhile, cryptographic payment processor, Coingate, recently incorporated the Litecoin version of the Lightning network, as covered by CCN.
Disclaimer: The author owns bitcoins, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out short-term or daily trading activities.
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