Litecoin News and Price Analysis: Crypto Facilities Launches Litecoin Futures. LTC stabilize At $95, Ready for New Price Surge. Thursday, June 21
Important Litecoin News
Crypto Facilities Launches Litecoin Futures
Crypto Facilities, the UK based futures trading platform has announced it will launch Litecoin futures on Friday, June 22. This service will create the opportunity for traders to go long or short on the derivative having Litecoin as underlying collateral. The futures contract which will be calculated in dollars has weekly, monthly and quarterly maturities.
Timo Schlaefer, the CEO of Crypto Facilities said that the decision to launch the derivative was based on clients demand. "We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets," he said.
Litecoin Founder Said Bithumb Hack Doesn’t Affect Bitcoin Fundamentals
Charlie Lee, the Litecoin founder has said that the recent hack of a major exchange, Bithumb, doesn’t affect the fundamentals of Bitcoin. Lee made the statement during an interview with CNBC on June 20 saying that price dips are natural reaction of people to such news because no one wants to lose their money.
Lee however said that hack of exchanges does not mean that something is wrong with the cryptocurrency stolen or the ecosystem in general, comparing the scenario as when robbers rob banks saying, such heists should not affect the price of gold.
“If the exchange does not protect the coins well enough and gets hacked, it doesn’t really change the fundamentals of the coin they are protecting.” He said.
Litecoin Stablizes At $95, Ready for New Price Surge
Litecoin is among the few coins that performed well in Q1 of 2018, selling at $100, however the coin has experiences a downturn causing it to be oversold by panicky investors. Interestingly, it seems to have a new impetus for a new surge.
With the listing of the coin at itBit, a NYDFS regulated exchange, it opens Litecoin to the opportunity to have more investors and consequently experience another boost in value.
You can check out latests Litecoin Price Analysis in this TokenTops Cryptocurrency Price Overview. It seems that today market is going for new highs and confidently recovers from last week's lows. Litecoin got +1.37% in last 24 hours.
LTC/USD Price Chart, Thursday June 21th:
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