Litecoin’s price has recently been getting traction, and the recent announcement that Korbit, one of the oldest cryptocurrency exchanges in Korea, will be listing the LTC coin may have something to do with it.
In response to this announcement, Charlie Lee, the CEO of Litecoin tweeted: “Tomorrow, Korbit will launch LTC trading. It’s awesome that one of the oldest Korean exchanges will now support Litecoin. I still remember asking Korbit many years ago. I have donated 100 LTC for a promotion.”
Korbit is the most prominent exchange in South Korea which deals with Bitcoin [BTC] and Ethereum [ETH]. Now they will also support LTC trading on its platform starting from April 18th. Multi-trading will continue as it did until now and LTC wallet will be incorporated. But, withdrawals will be halted from April 17th to April 19th, 2018 so that the LTC Wallet will be integrated. L-address, 3-address, and M-address are the three available types of LTC addresses, which may be often be mistaken for BTC address.
This latest announcement from the exchange has apparently changed the sentiments of traders and caused a rise in Litecoin’s price and is currently positioned in the fifth place by value. Litecoin/ USD trading has recorded a growth of 9.09% in the past 24 hours. Over the last few weeks, the prices of LTC have been stable with no abrupt shifts in its value. Although Litecoin has already been listed on many other exchanges, this new listing will only contribute to the coin’s growth.
Charlie Lee, the Founder of LTC, will personally send LTC to the highest traders in the first week of trading, according to their official website. Rank 1 trader will be get 50 LTC, rank 2 will have 25 LTC, rank 3 will be given 10 LTC, and rank 4-6 will be receive 5 LTC each. But this giveaway will be available only to those that trade LTC/KRW.