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.
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.
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