The LocalCryptos P2P crypto exchange has just announced support for Litecoin meaning that now LTC trading is live on the platform, as we read more in the upcoming Litecoin news.
The P2P crypto exchange held a vote back in February among its users to find out what was the coin that they most wanted to trade. EOS, Dash and Litecoin were the options, and it seems that Litecoin was the winner. The ETH and Bitcoin LocalCryptos P2P exchange today announced that Litecoin trading is now live on the exchange. The users of the platform will be able to buy and sell LTC with zero fees until July 18 as a way of celebrating the listing of the “digital silver.”
📢 Litecoin trading begins! You can now trade $LTC on the most popular non-custodial P2P crypto marketplace.
To celebrate, we’re cutting our trading fee to 0% for the first three days. Until June 18, buying and selling LTC on LocalCryptos is free! 🥳https://t.co/wIwDe31qmA
— LocalCryptos (@LocalCryptosEN) June 15, 2020
LocalCryptos was known as the LocalEthereum crypto exchange before, and it has rebranded in 2019 by adding support for Bitcoin. The cryptocurrency exchange is now offering and expanding even more. In Mid-February the exchange launched a new move up for the community vote which allowed the users to determine which coin it would list next. Luckily for the platform, the similarities between LTC and BTC made adding it to the platform a very easy transition:
“Because Bitcoin and Litecoin are so similar, we can port our non-custodial BTC escrow script to Litecoin without any major changes,” the firm explained in an email to users. “LTC escrows on LocalCryptos will be on-chain P2SH transactions.”
All of the LTC users won’t have to worry about the centralization. The wallets on the exchange will be self-custodial by being SegWit enabled. Also, in the recent Litecoin news, The latest core upgrade sparked some hope in the investors and users that altcoin hasn’t actually reached a dead end. The founder of the LTC Foundation Charlie Lee, informed that the LTC community that the developers at the project had released the latest version of the Core 0.18.1.
With all that being said, the silver to Bitcoin’s gold, Litecoin was seemingly approaching the critical resistance point on the charts. Looking at the LTC daily charts we can see that the price revealed candles that were following the ascending triangle pattern which after completing will potentially lead to the bullish breakout on the charts. We should keep a close eye on the price of the asset as the crypto market is in heavy fluctuations currently.
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