Announced on Thursday of this week from Bithumb, Korea’s largest bitcoin, and digital currency exchange was news of litecoin (LTC) getting newly listed. The announcement looks to have provided further positive momentum for the “little brother” of bitcoin as Sunday has seen a resuming of the bull run which got underway starting on March 30th.
Litecoin, specifically LTC/USD topped $30 today on most trading exchanges. LTC has been steadily advancing upwards from its longtime slumber and consolidation which had the price stuck at $4 and under for well over a year.
The listing of litecoin on Bithumb allows for the trading of LTC vs. South Korean won (KRW) for local users. The new market has already jumped to number three in most traded today as recorded by CoinMarketCap.
Daily LTC/USD chart from November 2016. SegWit and Bitcoin scaling issues led people to shift money to LTC.
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Litecon also got some love earlier in the week when it was announced from popular US-headquartered exchange Coinbase, that LTC would now be supported in regular wallet addresses for buy/sell transactions, and moving on and off-exchange. The digital asset exchange company back in March also introduced LTC trading for New York clients on its professional based GDAX platform.