Litecoin Price Spikes 10% as Coinbase Exchange Turns on Trading
Litecoin prices rose nearly 10% today as word the digital currency would be listed on Coinbase's GDAX exchange spread among traders. The move by the exchange to list LTC/USD and LTC/BTC currency pairs, however, was long anticipated, given that litecoin creator Charlie Lee has worked at the startup since 2013. Launched in 2011 and branded the "silver to bitcoin's gold", litecoin aims to offer faster transaction confirmation times for merchants. At press time, it was the fourth larest digital currency by market cap. Notably, litecoin prices began edging upwards far before the....
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Cryptocurrency exchange GDAX (Coinbase) has announced it is now supporting Litecoin (LTC) trading. Litecoin Added to GDAX Exchange. Everyone in the crypto-community knew it was coming when Litecoin creator Charlie Lee hinted about the LTC addition to GDAX yesterday by saying via Twitter that “tomorrow’s going to be a good day.” In fact, Lee, who now....
Both Bitcoin and Litecoin have cashed in on the euphoria incited by the launch of Coinbase new licensed Bitcoin exchange. It was indeed an opportunity for traders to pump the market based on optimistic fundamentals. While Bitcoin rose naturally, Litecoin remained to be its sidekick, tailing its trend. Here is a quick recap of Litecoin price movements in the last few days. The LTC/USD was trending sideways in a congestion pattern. There was absolutely nothing in terms of trading volume, only until Coinbase released some details about its upcoming Bitcoin exchange. It was Bitcoin traders....
GDAX, the cryptocurrency exchange used by Coinbase, has added Litecoin for dollar trading, causing a surge in its price. The new integration means that customers will be able trade Litcoin, both for Bitcoin and directly for US dollars. GDAX announced the implementation in a blog post: “Litecoin trading is now available on GDAX. We’re excited to continue supporting more digital assets to meet the demands of our growing customer base. Charlie Lee, Director of Engineering at Coinbase, developed Litecoin in 2011. Since then, Litecoin has become one of the most widely traded digital assets and....
Litecoin, in recent weeks, has been the cause of some speculation. A price drop in the litecoin world was experienced that saw the currency hovering at around $1.20 and then $1.80. Now, there has been a bit of a surge in the litecoin price that suggests that a $2 price in the near future may not be out of bounds. As digital currency enthusiasts, I suppose we must all be grateful for every little step forward. Yet in July of last year, litecoin held a price of around $7. Following a drop in bitcoin price that naturally also affected fellow altcoins (litecoin amongst them), the litecoin....
Digital currency exchange Coinbase has received approval from New York’s financial regulator to offer trading of Ethereum and Litecoin to users in the state. The crypto exchange was also given the green light to offer ‘Shift Card’, its debit card service, in the state. Coinbase becomes the second cryptocurrency exchange to see its application to offer Ethereum trading approved by the New York State Department of Financial Services (DFS). Notably, Coinbase is also the first approved exchange to offer Litecoin trading for New York users, starting today. The state’s financial regulator....