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Litecoin (LTC) is reaping the dividends of its halving as more mega marketplaces are now showing their support for one of the tokens built on the protocol as LTC20, LITE, through a timely listing.
LITE Goes Live on Gate.io
For the first time since its halving event, Litecoin’s LITE token has tapped a mega listing on Gate.io, one of the top crypto trading platforms known for its large number of supported digital currencies.
While Litecoin has maintained its rank as one of the most renowned Layer-1 protocols over the past year, the debut of LITE on a new market is an avenue to expand its accessibility to new users in new regions while showcasing that Litecoin also has what it takes to spinoff innovative digital currencies.
According to the update from Gate.io, the LITE/USDT pair is now available for trading on its marketplace, joining hundreds of other tokens accessible to its millions of users.
While Litecoin is still developing as a hub where tokens are born, the global acceptance of LITE is not just promising for Litecoin but also re-affirms the potential in the emergence of Ordinal Inscriptions, a new craving that has engulfed the Bitcoin ecosystem as well as other platforms exploring this innovation.
More Litecoin Halving Benefits
The listing of LITE might be one of the most bogus expressions of the dividends of Litecoin’s latest halving, it is by no means poised to be the least of such gestures that will be recorded by the protocol.
The Halving event was tipped to be a catalyst for growth in terms of its price action for LTC. Despite the massive projections already professed by top market analysts, Litecoin is currently trading at a price of $83.54, up by 2.61% over the past 24 hours at the time of writing.
While LTC is not trading as expected post-halving, market experts have posited that the growth in the price of the digital currency will pick momentum with most of the bullish forecast reserved for the mid-to-long term.
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