Litecoin is enjoying the greens while replacing Stellar on the 7th position. Today, Litecoin futures also launched on Huobi’s Derivatives Market while Litecoin adopted its new logo. Meanwhile, Litecoin Lightning Network stats are thriving.
Litecoin Riding the Greens
At the time of writing, Litecoin has been trading with about 1 percent gains in the past 24-hours at $32.56. Today, the $1.9 billion market cap cryptocurrency flipped Stellar and is now the ruling on the 7th position, as per the data provided by Coinmarketcap.
Litecoin replaces Stellar on 7th Position, Source: Coinmarketcap
Litecoin price chart, Source: Coinmarketcap
In the past few days, Litecoin has seen progressive devleopments that could be now seen in its prices. It is certainly on an aggressive mode as Litecoin Foundation pushes Litecoin forward as the next generation payment option.
Recently, Litecoin community adopted its new logo and went for a brand makeover. From the old grey logo, they have now moved to a light blue colour that was revealed at UFC 232 event. Designed by an Australian company, The Tokens Agency, the logo is based on a flat design that will be free to use without any restriction.
“As more people get exposed to it — and specifically the blue version we created for the UFC sponsorship — it has become apparent that the distinctiveness of the blue logo is well-liked,” said Robbie Coleman, a team member at The Token Agency.
“For us, the blue elicits the notion of ‘trust’, which the community on Reddit identified as important for Litecoin. It’s also the color of calm and serenity, and as such inspires a feeling of security and safety. Plus it pops as an icon in wallets and on exchanges!” added Coleman.
Just today itself, Huobi, one of the biggest crypto exchange launched Litecoin contracts on its Derivatives Market that means now people will be able to long or short this digital asset, as we reported yesterday.
“Litecoin is one of the biggest of the altcoins on the market today and we’ve seen quite a bit of demand for it by our users,” said Livio Weng, CEO of Huobi Global.
Meanwhile, Litecoin on Lightning Network is seeing huge growth with 134 percent increase in capacity at 632.46 LTC as per the data provided by 1ML. The number of channels is up 106 percent in the last 30 days at 602 and the number of nodes is currently 129.
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.