Litecoin And US Dollar See LTC/USD Trading Pairs On Bittrex Exchange

Bittrex cryptocurrency exchange has extended its crypto support to Litecoin (LTC), one of the largest crypto coins in the industry. This development comes soon after Bittrex had opened its USD markets on its exchange and started to pair USD with other cryptocurrencies before Litecoin, including Zcash (ZEC) and Cardano (ADA).

The announcement was made through the firm’s official Twitter handle where they unveiled that they would be rolling out numerous USD pairs. The tweet stated that the platform would launch the US dollar markets for Litecoin (LTC) and Tron (TRX). The update will be eligible to all Bittrex accounts, thus enabling clients to start trading with their preferred USD pairs immediately. The current suitable client locations for USD purchasing includes Montana, New York, and Washington state.

Litecoin (LTC) Shows Rapid Growth

After the ongoing Litecoin updates, the crypto-coin rose above Bitcoin when it comes to SegWit utilization and is fast approaching nearly half of the overall usage. Charlie Lee, the Litecoin creator also tweeted out the Bittrex news, while displaying the significant SegWit usage information.

Over the last few days, LTC’s lightning network received support from the Casa Lightning Nodes. This integration is planned for the final quarter of the year, and the aim is to enhance the payment processing on Litecoin’s network, with regards to efficiency and speed.

When looking at the recent poor performance within the crypto market, Litecoin has also been impacted significantly. Compared to other altcoins, LTC also suffered excessive damages and is yet to recover fully. The crypto coin recently went down by 2.8% over the last 24 hours. Other notable metrics about the currency include its $50.34 trading price, 2.9-billion-dollar market capitalization and a $247 million trading volume in the previous one day.

Consumer Reactions

Randy DGB, one of the Bittrex client and an avid crypto enthusiast, was happy about the addition of LTC. However, he complained that he did not have access to USD purchases on the platform since he lived in PA. He added that he hoped that the platform would make it possible for people living in other states would finally get that USD purchase functionality soon. His comments were also reiterated by Armondo Bilancione, who inquired when that feature would come to MD.

Joe S, another Bittrex client, did not have kind words for the platform. He asked Bittrex to list and support the crypto forks rather than wrecking their clients now and then. He added that the only way for cryptocurrency to be profitable over the long run, then it would take Bittrex to do their part and assist other altcoins rather than leaving everyone out to die.


The addition of Tron and LTC for USD pairing on Bittrex is useful towards driving adoption and utilization of blockchain technology. Additionally, the multiple USD pairs now available will reduce the influence and dominance of one altcoin over other tokens within the cryptocurrency sector.

Also, the crypto exchange system also seeks to give its clients a more secure, fast and convent trading option along with access to numerous exciting blockchain startups across the world. The market reaction so far has been positive with many supporters believing that it would help increase the volume of both LTC and TRX in the market.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

China State-Owned Media Covers Crypto as 2020’s Best Performing Assets Driven by DeFi & Weak Dollar

In an unusual coordinated report on Friday, several Chinese state-owned media covered cryptocurrencies, calling them the best-performing assets of 2020. The country’s top broadcaster, China...

Crypto Custodian, Anchorage, Adds Support for DeFi Tokens: BAL, NXM, AAVE, UNI, and YFI

Anchorage, the Delaware corporation headquartered in San Francisco, California, and digital asset custodian for institutional investors is diversifying its DeFi token options for its...

Coinbase Wallet Targeted by New Trojan Malware Dubbed ‘Alien’

The Coinbase wallet is among 226 Android applications targeted by a recently discovered Trojan dubbed ‘Alien.’ This malware mostly targets the financial services space...

Barstool Sports Dave Portnoy Sold $1.25M Worth of his Bitcoin Stash But He Will Be Back

After buying the top and selling the bottom, Barstool Sports Dave Portnoy appeared on Anthony Pompliano’s podcast on “The Pomp Podcast” to discuss bitcoin...

Over 100 Million Unique Users in the Crypto Ecosystem; University of Cambridge Digital Asset Study

The 3rd Global CryptoAsset Benchmarking Study, an initiative by Cambridge researchers to analyze the developing growth of the industry, has estimated that over 100...

DeFi Protocol Synthetix Upgrading to L2 Scaling to Alleviate Gas Costs for Small SNX Stakers

Popular on-chain synthetic assets protocol, Synthetix is in the first phase of its transition to Optimistic Ethereum, a layer two scalability solution for the...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today