Fidelity Investment Adds Litecoin to Digital Asset Offering

Fidelity Investment, a financial giant with over $13 trillion in assets, has made a groundbreaking announcement by adding Litecoin to its digital asset offering. This move marks a significant milestone for both Fidelity Investment and Litecoin, as it becomes the third token, after Bitcoin and Ethereum, to be available through Fidelity Crypto.

Litecoin, often referred to as the “silver to Bitcoin’s gold,” was created as a faster and more cost-effective alternative to Bitcoin. With a maximum supply of 84 million coins and halvings occurring approximately every four years, Litecoin has emerged as a favorite for completing payment transactions. Additionally, Litecoin’s MimbleWimble Extension Blocks (MWEB) privacy protocol ensures the sender’s wallet balance remains private.

Recent data reveals that Litecoin has been outperforming other digital assets, with high transaction speeds and lower transaction fees. Litecoin has processed $2.85 billion in transactions over $100,000 daily on average, surpassing Dogecoin in on-chain activity.

At the time of writing, Litecoin is trading at $72.75, marking a 2.24% increase in the last 24 hours. With Fidelity’s inclusion of Litecoin in its digital asset offering, demand for LTC is expected to rise, potentially leading to a surge in price. This development comes at a time when the broader cryptocurrency market shows signs of recovery, highlighting the renewed interest in Litecoin.