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Can Litecoin Futures in the UK Boost LTC in the Market?

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Although Litecoin has acquired a solid pace of growth for the last couple of days as the market turned bullish on the previous trend, LTC seems to be down again with the new trend that hit the market several hours ago. Litecoin has had another “defeat” by hitting its lowest price in 2018, while still being traded under 100$.

Altogether with trading below the price of 100$ per one LTC, Litecoin has also lost the fifth spot to EOS earlier this year, so it seems that Litecoin has surely seen better days during its lifetime.

However, Crypto Facilities in the UK has announced adding Litecoin futures to their services, which certainly poses a question whether Litecoin futures in the UK could boost LTC in the market and provide it a break from a rather turbulent period.

Crypto Facilities Add Litecoin Futures

Litecoin has made it with 100% of gains during the period of the last year, EOS managed to push it out from a long-held spot of the fifth-best currency, while also having LTC dropping below 100$, that way reaching the lowest point in its price in the current year.

However, Litecoin seems to have gotten another chance to redeem with their holders now that the Crypto Facilities in the UK has announced that they will be adding Litecoin futures to their services.

Crypto facilities have previously added Ethereum to their platform, while their customers can also operate with Ripple’s XRP and Bitcoin.

Crypto facilities, which is a UK-based platform, now offering services for dollar denomination, which is the exact service Litecoin will be included in beside from having available Ethereum based contracts for their users.

Litecoin futures should join this service on June 22nd in accordance with the official announcement made by the team Crypto Facilities.

Charlie Lee stated on this matter that Litecoin will now have the opportunity to become more open for institutional investors, which means that Crypto Facilities will consequently make Litecoin more available for people, while also making the process of “getting in and out” of Litecoin, a lot easier.

He also stated that this service might consequently add to Litecoin’s liquidity in the market while bringing improvements to LTC.

Crypto Facilities on Adding Litecoin

As a reply to Charlie Lee and the whole case of having LTC added to their dollar denomination services, the CEO of Crypto Facilities stated that they are happy to have added Litecoin to their service, as LTC makes up for one of the top currencies in the market.

The CEO also stated that they have added Litecoin due to the increased demand among their users, which showed that LTC would make up for a great choice for Litecoin-Dollar futures contracts.

He also added that he believes that this service will contribute to the liquidity, efficiency, as well as price transparency in the market of digital assets.

That being said, there is a strong probability that Litecoin might get the needed boost to at least get back to the price of 100$ in the following months.

However, this case might not go as smoothly as expected as the market trends seem to be pretty unpredictable and not at all benevolent to the majority of currencies during the past couple of months.

The SEC and Litecoin

Many cryptos are waiting for the SEC to decide on their fates, by deciding on which assets can be marked as a security and which as a currency.

SEC has decided on the matter of Bitcoin and Ethereum that neither of these assets represents a security, which means that BTC and ETH are marked as currencies by SEC.

While Ripple’s faith is still being decided on, considering all factors surrounding XRP, it seems that based on the model of the SEC’s decision on Bitcoin, Litecoin might be safe in the terms of being looked upon as on currency.

Given the fact that Litecoin was designed by Bitcoin’s model, the structure of LTC ecosystem resembles Bitcoin blockchain in a great manner, of course, with some slight improvements that made LTC faster and probably more efficient than Bitcoin.

That further takes us to a conclusion that Litecoin might as well be marked as a currency.

Litecoin (LTC) Performance

Litecoin picked up 100% of gains during the course of the last 365 days while collecting 2.1% against the dollar in the last 7 days, however, we can now see LTC while it is going down in the red while still being traded below 100$.

With the latest market trend, Litecoin has lost -1.77% against the dollar, while being traded at the price of 96.77$.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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