It has been reasonably quiet around Litecoin for a while now, but that doesn’t mean the coin has gone by unnoticed. If you take a look at the recent value of Litecoin, both in US Dollars as well as the BTC/LTC trading pair on exchanges, you will see the value has been pretty stable. However, no big marketing announcements have come from Litecoin. So what’s up with that?
We have to keep in mind that Litecoin has been around for a few years now, and has cemented it’s legacy as a complementing coin to Bitcoin. Albeit it has also been victim of the recent price shifts over the past 6 months, community and support for Litecoin have never dwindled. In fact, it seems they have gotten some well deserved attention, even after the price peak of 55 USD per Litecoin.
We can confirm that a Hong Kong based exchange, called 796 Xchange, has added a Litecoin/USD trading pair to their offerings. Even though Litecoin is already traded against USD on several exchanges such as BTC-E, Crypto-Trade and others, having a foothold in Hong Kong is a great stepping stone to conquer the rest of Asia, if it hasn’t already done so.
In the past six months, we have all been witness to what Asian support can do to any coin being exchanged on Asian exchanges Not just Bitcoin has seen some price jumps, but so have Litecoin, Digitalcoin, Doge and many others.
Litecoin is on the right track to getting back to that 50 USD price point, and who knows how high it can get. If it can break away just a bit more from the Bitcoin value, things are definitely looking up for any Litecoin enthusiast.