FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Can Litecoin Futures in the UK Boost LTC in the Market? - Global Coin Report
Connect with us

Blogs

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

Published

on

Litecoin
READ LATER - DOWNLOAD THIS POST AS PDF

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$.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Blogs

Top 3 Crypto Trends That Might Go Big in Q2 2019

Published

on

crypto trends
READ LATER - DOWNLOAD THIS POST AS PDF

So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

Continue Reading

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Elite