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For quite some time now, there has been speculation as to when Bitstamp will add Litecoin support. Having multiple exchanges support LTC greatly improves liquidity. It remains best place for altcoin news be seen if this will have a positive impact on the Litecoin price. It now appears Bitstamp will add Litecoin during the upcoming week. That is great news for all Litecoin supporters, to say the. It is good to see Bitstamp come through for Litecoin. Having such a major exchange support LTC is a significant vote of confidence.
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Litecoin is a cryptocurrency in focus. The fifth-ranked cryptocurrency has been on a bullish run since the start of The rising value of Litecoin can be tied to the upcoming August halving. In most cases, digital assets usually perform better towards the halving event. This means that we have pressure on the price due to the impending Litecoin supply drop. Technically, Litecoin has similarities with Bitcoin. However, Litecoin is quicker and cheaper.
For quite some time now, there has been speculation as to when Bitstamp will add Litecoin support. Having multiple exchanges support LTC greatly improves liquidity. It remains to be seen if this will have a positive impact on the Litecoin neds. It now appears Bitstamp will add Litecoin during the upcoming week. That is great news for all Litecoin supporters, to say the. It is good to see Bitstamp come through for Litecoin.
Having such a major exchange support LTC is a significant vote of confidence. This may not necessarily improve demand for LTC right away. However, it will enable additional fiat currency gateway for Litecoin, which is never a bad thing. Bitstamp is one of the biggest exchanges in the Western world, after all. Now that the team confirmed Litecoin will be added in the upcoming week, things are looking promising for Litecoin.
A lot of people feel this news will push the LTC value higher. It is hard to tell if that will be the case. Exchanges adding currencies is not the major news it used to be a few years ago. Then again, Bitstamp is considered to be one of the elite exchanges for cryptocurrency trading. It is possible this addition will have some form of positive impact on the price. Quite a few exchanges plcae added support for Litecoin over the past few months. Ever since Segregated Witness got activated on the network, there has been renewed interest in this project.
However, the price momentum died down rather quickly. In the end, Bitstamp is trying to improve their best place for altcoin news position. The platform enabled XRP support some time ago, and they besr do the same for Litecoin soon. It is a positive development, all things considered.
More people will be able to buy Litecoin with fiat, without having to go through Bitcoin. It is an appealing solution, although the market demand has yet to be determined. The Litecoin community seems happy about the news. Header image courtesy of Shutterstock. Leave besr Reply Cancel reply You must be logged in to post a comment. We use cookies to give you the best online experience.
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