U.K.-based cryptocurrency futures trading platform Crypto Facilities is launching a litecoin (LTC) derivative product.
Timo Schlaefer, CEO of Crypto Facilities, said the decision is a result of having received “strong client demand” for litecoin contracts.
“We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets,” he said.
Litecoin creator Charlie Lee commented in the announcement that, by opening up litecoin trading to more institutional investors, the new product would increase the cryptocurrency’s liquidity and “make it easier for people to get in and out of litecoin.”
In an email response, Crypto Facilities told CoinDesk that the firm is expecting the trading volume of its ethereum futures contracts to reach around $150 million in this quarter, accounting for around 10 percent of the platform’s total.
Litecoin is once again drawing attention as it trades between $60 and $80 — the same price zone that triggered a 10x rally in the past. Popular crypto analyst Crypto Patel shared a chart on X, noting that the setup looks “super bullish” and eerily similar to what happened before Litecoin’s last explosive run.
Litecoin’s recent achievement of becoming the top cryptocurrency for payments on BitPay, the world’s largest crypto payment processor, is a significant milestone for the digital asset. This accomplishment demonstrates Litecoin’s potential as a practical and widely adopted means of conducting transactions in the crypto space.
Litecoin has observed a plunge of more than 7% in the last 24 hours, suggesting that the coin’s bullish momentum may have come to an end. Litecoin Drops Hard TodayS But Is Up 20% In The Last Month While the rest of the crypto market was struggling, LTC enjoyed some sharp bullish momentum in the third leg of November, leading some to believe the “pre-halving rally” had begun for the crypto.
Litecoin has made it to the list of the best altcoins to buy in 2022. But for the past 24 hours, the crypto has fallen prey to the volatility that is currently wrecking havoc in crypto space. As of this writing, Litecoin (LTC) is trading at $52.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Since the 7 September market sell-off, Litecoin has been making The post Litecoin: What this bullish pattern means for the crypto appeared first on AMBCrypto.
Litecoin defended the $180-$184 region but faced stern resistance at $194. Crypto. com Coin was in a phase of consolidation, while Ethereum Classic formed a wedge pattern that could see a breakdown to The post Litecoin, Crypto.
The total crypto market cap is under a lot of pressure below the $260. 0B and $270. 0B resistances. Bitcoin price is down more than 2% and it is currently trading well below $9,600. Litecoin (LTC) price failed to stay above the key $90 support and it could extend downsides.
Litecoin price has been the talk of the crypto world in recent days, as the cryptocurrency has recently grow significantly in value relative to its Bitcoin older brother, and brought investors over 600% returns before the current pullback.
By CCN Markets: Year-to-date, litecoin price has increased by 357 percent against the U. S. dollar, outperforming every top ten crypto asset in the global market including bitcoin, Ethereum, and EOS.
Throughout 2019, the entire crypto market has been led by the silver to Bitcoin being digital gold, Litecoin. The crypto asset’s halving is in less than 70 days, and investors are eagerly loading up their bags in anticipation of the pre-halving pump that’s become a meme across the crypto community.
The total crypto market cap started a downside correction after testing the $267. 7B level. Binance coin (BNB) price failed to stay above the $35. 00 level and declined below $33. 20. Litecoin (LTC) price is still well above the $105.
Last year, Charlie Lee, the creator of Litecoin, sold all his LTC holdings in a now-infamous move. While the crypto insider attributed this sudden move, which came as Bitcoin (BTC) effectively peaked, to a bid to avoid conflicts of interest, affirming that he believes in the cryptocurrency of his creation, many called for Litecoin to.
The price of Litecoin was looking good, and it hit a month-long high just days ago: but like most of the crypto market it fell off a cliff in the past 48 hours. Although at the time of writing it has recovered to $55.
Around Christmas time, investors in the majority of cryptocurrencies thought they were being spoiled and would soon be able to splash out on extravagant gifts as the value of the currencies shot up to amazing highs – but over the past few months, we have seen the market correcting itself back down to typical levels.
As the crypto world still tumbles, one of the coins which have felt it hard happens to be Litecoin. It dropped to its lowest ever in the first week of March and with its slow pace on the price curve, as compared to other coins, hasn’t been what many had expected.
It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin.
Jeff Garzik first tuned the world into his latest venture in the fall of 2017. The Bloq co-founder unveiled Metronome (MET), a cryptocurrency he founded alongside Matthew Roszak, at the Las Vegas Money 20/20 conference in late October, and the project caught the attention of Bloomberg and Fortune at the time.
The Paxos Trust Company are a blockchain powered ‘trust’ who aim to use notions of trust to build products that simplify settlement and eliminate risk. According to Paxos:
“Eliminating settlement risk starts with the ability to settle assets and payments simultaneously.
Litecoin (LTC) has been going through a rough patch for the past few months as the price nosedived from a euphoric high of $366 to $88. For the past few months, the price has traded closely in a well defined triangle with a support line passing through the $88 mark.
itBit, a bitcoin and crypto trading service built for institutions and trading professionals today announced that it now offers expanded regulated trading and custody services for Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Stellar Lumens (XLM).
U.S.-based crypto wallet and exchange Coinbase’s Index Fund is now open for large-scale investors, according to an official blog post published yesterday, June 13. The index includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), as well as Ethereum Classic (ETC), whose addition to Coinbase was announced on June 11. Coinbase’s blog post notes
In continuing our analysis of the Cryptocurrency Predictions for June 2018 report by Finder, we turn to the team’s predictions for Litecoin.
We have recently reported that by Finders calculations, Bitcoin will only just breach $14,000.
The crypto markets is down $30 billion in the last 24 hours alone with Litecoin registering new 2018 lows. While this is happening, IOTA is likely to drop below $1 as EOS, Stellar and Tron grapple with sell pressure.
Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.
Even though Trump and Kim have shaken hands, we are yet to see a slow down in Bitcoin prices which we all know anchors alt coin prices. In real sense, Bitcoin dominance stands at 38 percent and the general crypto cap is up to $309 billion but this is apparently not stopping sellers from eroding.
Well, we didn’t see this coming. Coinbase have announced their next listing, stunningly in the form of Ethereum Classic. As it stands, Coinbase only list Bitcoin, Bitcoin Cash, Litecoin and Ethereum, making Ethereum Classic the fifth to be added to the growing Coinbase portfolio.
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