Robinhood now supports Litecoin trading, LTC/USD is rangebound with a bearish bias

LTC/USD is unchanged on a daily basis, pretty stable as compared to other coins.
Robinhood crypto app announced LTC and BCH support.

Tanya Abrosimova Independent Analyst

Litecoin has been relatively stable lately, supported by positive news and optimistic comments from prominent community members. LTC/USD is changing hands at $77.50 to press time. The market value of the sixth largest coin settled at $4.4B, the average daily trading value is registered at $27M.

Robinhood, US-based app for cryptocurrency trading launched in 2017, announced the support for Litecoin, and Bitcoin Cash. Now cryptocurrency traders can invest in these coins with zero commission. The company explained that the decision is inspired by customer requests to allow buying and selling cryptocurrencies beyond Bitcoin and Ethereum.

"We’re working hard to make Robinhood Crypto available to everyone, and it’s currently available in 17 states: AZ, CA, CO, FL, IN, MA, MI, MS, MO, MT, NJ, NM, PA, TX, UT, VA, and WI. We also plan to further expand our coin offerings and add support for coin transfers," the official press release says.

Currently, Robinhood users can monitor prices, read the news and create price alerts for 16 coins, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Ethereum Classic, Zcash, Monero, Dash, and more.

LTC/USD, 1-hour chart

Author

Tanya Abrosimova

Independent Analyst

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