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Litecoin [LTC]: Coinbase announces wallet support for the silver coin as calls to add XRP follow

Namrata Shukla

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Litecoin [LTC]: Coinbase announces support for the silver coin on its wallet
Source: Pixabay

Litecoin [LTC], the fifth largest cryptocurrency with respect to market cap is in a battle with EOS for the fourth position and is doing well. Coinbase, the San Francisco-based digital exchange recently announced support for Litecoin on their wallet.

LTC joins the league of Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH], and Ethereum Classic [ETC], which have received support on the wallet. Coinbase updated the users about it on a blog post and via a tweet which said,

“We’re excited to announce support for Litecoin (LTC) on Coinbase Wallet! ”

The blog further stated that users could download an update with Litecoin support on the App Store and Google Play store. It added that Litecoin support will be available from the get-go once the app is updated following which, users can deposit LTC to their wallets by just choosing the ‘Receive’ option on the main wallet page.

The announcement was met by approval by a large section of the online community. However, it was also greeted by a huge number of Twitter users asking Coinbase to add XRP support to their wallet as well. The cryptocurrency was added to the Coinbase custody back in November 2018.

At press time, Litecoin [LTC] was valued at $49.93 with a market cap of $3 billion. The coin noted a 24-hour trading volume of $1 billion, while noting a growth of 1.39% over the past day. The coin recorded a growth of 17.64% over the past seven days and continued to grow by 0.30% over the past hour. The coin was highly traded on OKEx via the trading pair LTC/BTC, with a volume of $76 million. The second place was taken by DOBI Exchange via the LTC/BTC trading pair, noting a volume of $64 million.

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