Gemini Exchange announced that they will be listing Litecoin on October 13. It was announced at the first-ever Litecoin summit held on 14th September 2018. October 13th also turns out to be the 7th Birthday for Litecoin. The news had immediately propelled Litecoin’s price to $58 from $47.
LIVE from the @LTCFoundation Litecoin Summit, "We are pleased to announce Gemini will be launching Litecoin support starting October 13th, 2018!” –@eric_winer #LTCSF18 #tothemoon pic.twitter.com/TqTjJjk7q4
— Gemini (@GeminiTrust) September 14, 2018
Gemini exchange is currently one of the largest regulated exchange in the US. The exchange currently supports 3 tokens: Bitcoin, Etherum and ZCash. Litecoin will be the 4th token to be listed on the exchange. In terms of volume, Gemini is quite low only having $12 Million of daily trading volume, but due to the number of assets in the Trust, Gemini is counted as one of the larger exchange.
Litecoin is currently trading at $60 and seems to have bottomed out at that price. The 24-hour trading volume has increased by 55% from last week. On 23rd September the 24-hour average trading volume was $311 million and is currently $484 million.
Community’s Reaction
https://twitter.com/MakinCryptoCash/status/1045484543380213761
https://twitter.com/oscargbriseno/status/1045484050100580352
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