Not much has seemed to happen with Litecoin (LTC) with respect to news and buzz after the launch of Litepay was cancelled. Many had even stated that this was the beginning of the end for Litecoin as a project and as a coin in the markets. However, good news came with the CEO of Abra, Bill Barhydt, declaring that Litecoin would be its platform of choice for smart contracts moving forward. This announcement was made early in April this year.
To add to the above signs of rejuvenation of LTC, the Litecoin community has not lost faith and hope in the coin. As a matter of fact, the community is emphatic that Litecoin will be back to its winning ways with several new listings. @theliteschool was quick to point this out in a tweet on the 18th of May:
Here’s a recap of
$LTC news in this week alone:
@GeminiDotCom to add #litecoin
@AbraGlobal opened LTC deposits
@The_Blocknet & @KomodoPlatform DEX’s add LTC
@openbazaar now allows P2P LTC trading
@toshi will add LTC
-Börse Stuttgart launched LTC trading.
This tweet indicates that Litecoin is expected to be listed on several exchanges. The first one is the Gemini Exchange that is owned by the Winkelvoss twins. The exchange made headlines when it announced that it would be listing ZCash (ZEC) and going ahead in offering trading pairs with the privacy coin.
With respect to Abra Global opening LTC deposits, the announcement was made only yesterday on twitter by the firm:
We now support direct
#Litecoin deposits and withdrawals! You can now fund your account with LTC from an external wallet and invest in the 25 cryptocurrencies and 50+ fiat currencies on Abra. Please make sure your app is updated to the latest version!
With respect to market performance, Litecoin is in the number 6 slot and according to coinmarketcap.com. The coin is currently trading at $134 and down 6.13% in 24 hours. Its marketcap is $9.2 Billion shy of that of EOS which is in the number 5 spot. A lot of work has to be done for LTC to reclaim a top 5 slot.
The news listings mentioned above, are surely to help boost the presence of LTC in the market and possibly increase its value back to the anticipated levels by the LTC community.