Here's Why Litecoin Is Moving
Portfolio Pulse from Henry Khederian
Litecoin (CRYPTO: LTC) is trading lower by 2.94% to $85.27 during Thursday's session, pulling back after recent strength in the price of Bitcoin following BlackRock's Bitcoin ETF application. The cryptocurrency market is experiencing an upswing driven by favorable developments, including the introduction of EDX Markets, supported by Charles Schwab, Fidelity, and Citadel Securities.
June 22, 2023 | 6:00 pm
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Litecoin is trading lower by 2.94% to $85.27, influenced by recent strength in Bitcoin price and introduction of EDX Markets.
Litecoin's price is directly impacted by the recent strength in Bitcoin price and the introduction of EDX Markets. As Litecoin shares technological similarities with Bitcoin, positive developments in Bitcoin's ecosystem can often benefit Litecoin as well. However, in this case, Litecoin is trading lower, possibly due to a short-term pullback after the recent strength in Bitcoin.
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