Litecoin Price Surges to $30 as South Korea's Largest Exchange Adds Support
If you follow my blog you know I have covered the recent rise and developments in Litecoin, including it being added to Coinbase recently.
Well now there is another reason for LTC holders and advocates to rejoice.
Litecoin has passed $30.00 USD in value after the announcement that Bithumb, Korea's largest exchange will list LTC.
"Litecoin price has been on the rise since the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit). The rise in demand toward Litecoin pushed digital currency exchanges in major regions to add trading support for Litecoin users and investors."
"Most recently, Litecoin creator and Coinbase Director of Engineering Charlie Lee revealed that Bithumb, South Korea’s largest digital currency exchange, integrated full support for Litecoin trading. Almost immediately after the announcement of Bithumb, the daily trading volume of Litecoin surged, from around $80 mln to $174 mln. Additionally, Bithum established itself as the third largest Litecoin exchange in the world, in a period of days."
cointelegraph.com
Charlie Lee the creator of Litecoin posted the following tweet...
LTC just got listed on Bithumb, Korea's largest exchange. It's already #3 in volume! pic.twitter.com/69PKg3bbqx— Charlie Lee (@SatoshiLite) May 7, 2017
South Korea is proving to have a voracious appetite for cryptocurrency after it became the largest market for Ethereum exchange May 5.
This is definitely something to keep an eye on.
How will the new appetite for Litecoin in South Korea affect its price?
Will Litecoin gain market cap as questions about Bitcoins scalability linger?
Also if you haven't already stop on by and vote for your favorite cryptocurrency logo!
https://steemit.com/steemit/@digicrypt/which-cryptocurrency-has-the-best-logo-vote-and-win-steem
Sources
https://twitter.com/SatoshiLite?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
If you want to stay up to date on crypto news follow my blog @digicrypt.
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Nice post. Same mindset here. The fluctuating market will result in the greatest price swings any market has ever seen. This is quite an interesting website I found: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Check: https://www.coincheckup.com/coins/Litecoin#analysis For a complete Litecoin Report