LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
LBN Litecoin China
Altcoin News

Chinese Cryptocurrency Traders Show an Increasing Appetite for Litecoin

by JP Buntinx
June 12, 2017
in Altcoin News
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up

It looks as if Litecoin is making a lot of headway in China right now. The vast majority of trading volume is originating from Chinese exchanges. This is quite remarkable news for this popular cryptocurrency, considering how its value seemingly got “stuck” a few weeks ago. It is only a matter of time until something changes. Community members hope this momentum will result in a massive price increase.

China Remains Quite Bullish on Litecoin

It is good to see the Chinese exchanges generate a fair amount of trading volume again. Ever since the big three resumed cryptocurrency withdrawals, things have been picking up speed. To put this into perspective, Chinese traders are mainly interested in Litecoin, by the look of things. In fact, the LTC/CNY trading market is generating an increasing amount of volume, which is quite remarkable.

Both OKCoin and Huobi are clearly dominating the trading market right now. With US$87m and US$81m in 24-hour trading volume respectively, things are looking quite good for Litecoin. This momentum has not impacted the price yet, but that situation can change at any given moment. With this much momentum behind it, it is only a matter of time until something goes LTC’s way. A price increase would certainly be appreciated by the community right now.

With over half of Litecoin’s daily trading volume originating from China, people are speculating heavily. Most of Bitcoin’s trading volume used to originate from China as well. During that time, Bitcoin reached the US$1,000 mark on multiple occasions. There is no reason to believe Litecoin won’t see a price bump sooner or later as well. It is impossible to tell when this will happen and what price we will be talking about, though.

One cannot deny the LTC price has been suppressed for quite some time now. It is unclear who might be doing so, though. Litecoin currently has a market cap of US$1. 65bn, which is relatively small. Considering how it has SegWit activated and the Litening Network is under development, that price should be a lot higher than it is right now. A lot of community members hope for a price of US$100 per LTC, although that might be a bit unrealistic.

Header image courtesy of Shutterstock

Related Posts

PayPal is Now Issuing Its Own Stable Coin
Altcoin News

Charlie Shrem: The New PayPal Stable Coin Will Be Good for BTC

PayPal recently shocked the world by announcing it would be creating its own stable currency atop the Ethereum network....

by Nick Marinoff
September 23, 2023
Bitcoin Cash Price
Altcoin News

Bitcoin Cash Analysis: Bulls Face Key Resistance Near $225

Bitcoin cash price started a downside correction from the $225 zone against the US Dollar. The price is now...

by Aayush Jindal
September 22, 2023
PayPal is Now Issuing Its Own Stable Coin
Altcoin News

PayPal is Now Issuing Its Own Stable Coin

PayPal – the world’s biggest digital payment platform – has announced the release of a new USD-pegged stable asset...

by Nick Marinoff
September 21, 2023
EOS Price
Altcoin News

EOS Price Analysis: Technical Indicators Suggest Increase To $0.64

EOS price is eyeing a fresh increase from the $0.525 support against the US Dollar. The price is now...

by Aayush Jindal
September 21, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

  • Reef Labs $10M Accelerator Program COHORT 1 Begins, Paving the Way for Web3 Innovators

  • Registration for the Finance Magnates London Summit 2023 is officially open!

  • Tapbit Introduces Contract Copy Trading: Unlocking Profits for All Investors in the Cryptocurrency...

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version