Crypto News | Litecoin jumped once again

New week is upon us and we have some new crypto news to share with you. The first piece of information to be discussed in today’s article is the price of Litecoin. Litecoin jumped once again and its price is now $300, which means that this cryptocurrency has increased its value in the last 12 months by more than 8.000 percent. Even though Litecoin has had an incredible performance in the last couple of weeks, analysts say that every crypto bull cycle is usually followed by a bear cycle, meaning traders should invest responsibly.

However, there are some emerging markets that have been pushing the price of cryptocurrencies, such as South Korea – their government has begun to impose strict legal regulations on the business with cryptocurrencies, which will probably have very positive long-term impact on the entire industry. But what sets it apart from its counterparts is the fact that Litecoin’s trading volumes are not all based in South Korea. Instead, most trades come from US-based exchanges. Anyhow, Litecoin jumped once again, and we can only advise you to keep your eye on the future development of the situation.

The second piece of news todays has to do with bitcoin futures. They were launched on the CME Group on Sunday. The reference price used for setting price limits for February is $19,600, for March is $19,700, and $19,900 for June. Bitcoin futures represent a big step for cryptocurrencies in general and will help big institutional investors enter the trading arena. As for the volume on CME, on its debut on Dec. 10 the Cboe traded nearly 4,000 contracts during the full session. If you’re into futures, you should definitely take the chance and trade bitcoin futures!

As for the world news, we bring you important information from China. China’s Foreign Ministry said that trade with the United States was a win-win scenario. On the other hand, Trump said that Beijing should increase pressure on North Korea over its nuclear program, so it will be very interesting to see how this situation will develop. That’s it for today, we’ll see you tomorrow with more interesting information.

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Author: Max Rothstein

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