LTC/USD is sidelined, waiting for an incentive to break free from the range. Crypto Facilities will introduce Litecoin futures. Litecoin is changing hands at $97.70, up 2.2% on daily basis and unchanged since the beginning of the day. Litecoin’s market value is registered at $5.6B with average trading volume at $252M. Litecoin is down nearly 60% since the start of the year, but it is still 120% higher in 12-month span, which is in sync with global cryptocurrency market developments. Crypto Facilities, a UK-based cryptocurrency futures trading platform, announced the decision to launch Litecoin-based futures, that will go live on Friday, June 22. The news produced litttle market reaction so far, though some experts are worried that LTC futures will lead to an increased downside pressure on the coin as the derivatives make selling cryptocurrency much easier. “We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets,” Timo Schlaefer, CEO of Crypto Facilities commented. Litecoin technical picture LTC/USD stays in a tight range, capped by $100 on the upside and $93.00 on the downside. A clear breakout in either direction si needed for the coin to gain momentum in the near-term. Near-term support is seen at $96.00 with a host of SMAs creating a strong hurdle for LTC bears. LTC/USD, 30-min chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Fed: Powell advocates for a gradual pace of rate hikes – TDS FX Street 3 years LTC/USD is sidelined, waiting for an incentive to break free from the range. Crypto Facilities will introduce Litecoin futures. Litecoin is changing hands at $97.70, up 2.2% on daily basis and unchanged since the beginning of the day. Litecoin's market value is registered at $5.6B with average trading volume at $252M. Litecoin is down nearly 60% since the start of the year, but it is still 120% higher in 12-month span, which is in sync with global cryptocurrency market developments. Crypto Facilities, a UK-based cryptocurrency futures trading platform, announced the decision to launch Litecoin-based futures, that will go live… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
