The cryptocurrency market is temporarily back in the green, and Litecoin is making the most out of the market’s current move.
After trading below $50 for three consecutive days, Litecoin broke above the $50 mark, followed by a brief correction. Slowly but steadily, Litecoin continues to move higher above the $50 mark which it trumped just recently.
Over the last 24 hours, the value of Litecoin has risen by 2.73% and now trades at $51.40. Litecoin holds its position as the seventh most valuable digital asset with a market capitalization of $3.03 billion.
Litecoin (LTC) Can Now Be Managed on Facebook
Lite I.M has added popular social media platform to its support list which means Litecoin holders can now manage their holdings directly on Facebook via Lite I.M.
Michael Rodriguez, the C.T.O od Lite I.M is quoted saying:
“it’s pretty huge as the first crypto on Facebook is Litecoin, and this opens the door to a user base of around 2 million people all over the world. It’s also the beginning for us as we have big plans in store.”
Users can now send, buy and manage their LTC either importing an existing Facebook account to Lite I.M or doing so directly on Facebook. With this, individuals can now send LTC directly to friends on Facebook without needing to know their Litecoin address.
Lite I.M does not control the private keys of its users which means users have full control of their funds. They have also announced plans to add invoices which would make it easier for users to manage their funds.
Lite I.M is a Litecoin wallet, which previously supported Telegram and SMS, with plans to support and connect more social media platforms in the future.
Litecoin is Now Available on CMC Wallet
Just hours after the Lite I.M announcement, CMC Markets, a trading firm based in the United Kingdom announced the addition of three cryptocurrencies; Bitcoin Cash, Litecoin, and Ripple to its platform.
CMC Markets offers almost every kind of financial instrument known to man, including spread bets. The platform boasts support of over 300 currencies globally, including Bitcoin, Ethereum, gold, silver, bonds, shares, and treasury.
While CMC Markets may not be a home for cryptocurrencies, Litecoin is bound to benefit from the being supported by a traditional financial company with this level of vastness.
This is yet another remarkable addition for Litecoin which has accumulated a slew of listings, but the exposure to foreign markets and the global currencies featured on the traditional financial company outclasses the listings of crypto exchanges.
itBit Receives Approval to List Litecoin (LTC)
To add to the already impressive list of announcements, itBit, a U.S based cryptocurrency exchange regulated by NYDFS has received approval from the regulatory agency to list Litecoin (LTC).
Last month NYDFS handed approval to Coinbase and Gemini to list Litecoin. A listing on itBit will help continue the recovery of Litecoin and is expected to improve the value of Litecoin in the coming days.