Litecoin (LTC) Announces New Listing on Korbit Exchange

Litecoin LTC vector outline icon

One of the most established peer-to-peer cryptocurrency projects, Litecoin, has announced today that it will be listed on Korbit.

Korbit is one of Korea’s largest cryptocurrency exchanges with a mission statement to “enable the free flow of value by utilizing new technologies such as Bitcoin and the Blockchain”.

Founder of Litecoin, Charlie Lee, announced the listing today on Twitter and joked that he remembers the times when he was asking Korbit to list Litecoin in the project’s early stage.

This announcement undoubtedly gave Litecoin boost in volume and price. The cryptocurrency has recorded a 6% growth in the past 24h hours and is currently trading at $135 USD.

In March, Litecoin was shaken by the fallout with LitePay which did not deliver the required results after the start-up was sold by its founder, Kenneth Asare. As a result, the price of LTC saw a withdrawal to $110 USD levels.

In the last couple of weeks, LTC has preserved its positions in terms of Bitcoin prices, entering another stage of stability without major spikes or lows mainly due to its functioning Lightning Network providing it with relatively cheap on-chain settlement.

In addition, this recent listing, combined with previously reported news that trading application Abra will be adding Litecoin as a funding option, will certainly help the cryptocurrency regain some of its popularity among investors.

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