Finance News
By Maheen Hernandez
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Litecoin Futures at ErisX
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Charlie Lee Does Not Speculate Price
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Litecoin continues with its bearish bias intact. The price continues to trend below $45.50. The technical picture provides for a bearish outlook in the near-term.
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Charlie Lee had, in the past, expressed that "he wished there will be Litecoin Futures one day." Things are unfolding his way.
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Fidelity and TD Ameritrade may also launch an LTC trading product by year’s end.”
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Institutional members will be able to process the futures contracts using the already existing back-office workflows.
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ErisX feels that their intermediary friendly vision is coming to fruition.
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Thomas Chippas stated, “The start of testing at FIS signifies an important milestone for ErisX and necessary groundwork to prepare for the digital asset futures we plan to launch…
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Charlie Lee, in the past, stated that he would not like to speculate on the price as he was mostly wrong.
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Lee has warned people not to spend all savings in cryptocurrency. He directs the investors to think of the situation, when “in case it drops 80 percent.”
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Lee has been pro-regulation for quite a long time. He believes regulation is essential to bring down the volatility of cryptocurrency.
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Sylvain Saurel, the entrepreneur, predicts the end of Litecoin (LTC) as he opines that the ideology will not last in time.
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Saurel pulls out three arguments. The first argument being that someone is in charge of LTC, therefore, probable abuse of power.
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The second argument is that Mr. Lee treats LTC as a copy of Bitcoin. Therefore, he states that LTC has all the vulnerabilities of Bitcoin.
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In his third argument expresses, BTC does not need a company for its adoption as there will not be yet another market demand for a replica of BTC soon.
The Currency Analytics
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