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Here's Why Now Is A Great Time To Pick Up Litecoin (LTC) - Global Coin Report
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Here’s Why Now Is A Great Time To Pick Up Litecoin (LTC)

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Litecoin
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Litecoin (LTC) has had a rough start to the year. From highs of more than $366 a piece back on December 19, LTC has dropped more than 64% to current pricing in and around $129. Sentiment is weak and the potential for near-term regulatory action out of the US has essentially put a dampener on any near-term recovery taking hold.

One thing we’ve been watching for, however, against the backdrop of what can really only be described as a bloodbath in the markets, is fundamental developments related to one or more of the top tier coins.

LTC Daily Chart

LTC Daily Chart

Our thesis is relatively simple – markets are basically blind to any fundamental advance right now. Developments that would normally push a coin higher as and when they hit press are going unnoticed and, as a result, the impact that they would normally have on price is being registered as null. For us, this translated to an opportunity. Why? Because we’re looking at these ignored developments from the standpoint that they are being stacked up in the background and that, eventually, when the markets recover and the weakened sentiment clears and then reverses, the stack of ignored developments is going to finally have an impact on price.

Developments in the bank, if you will.

And with Litecoin, a brand new such development just hit press and, as expected, is being roundly ignored by the wider cryptocurrency markets.

The news is that a company called LitePay is about to launch the first ever point of sale technology that will allow retailers to accept Litecoin from customers. The technology allows for real-time exchange of Litecoin to fiat (local fiat, that is) meaning the retailer isn’t having to take on any fluctuation risk and it’s supported by a fee payment of 1% (which compares to the 3% or more that’s associated with current POS methods – MasterCard, Visa, etc.

It’s worth noting here that the report hit press through the Express website, so initial claims of a near-term launch (especially given that the outlet based its report on ‘insider information’) were dubious.

Shortly after the reports hitting press, however, Litecoin founder Charlie Lee Tweeted the article, suggesting that there’s some credence to the near term launch expectations. He also followed up the Tweet with another detailing the near-term launch of UnoCoin (and Litecoin’s listing as one of a handful of coins that will be available through the exchange) and a report outlining the launch of Litepal, which again looks to be a full suite Litecoin payments processing company.

To put all this another way, it’s about to get a whole lot easier for people to use Litecoin to buy things in the real world and for brick and mortar retailers to accept cryptocurrency for goods and services.

If this had hit press a couple of months ago, we’d be seeing a spike in the price of LTC in anticipation of the realization of improved access translating to an increased demand for the asset.

Instead, however, you only have to look at the chart above to see what’s actually happened – LTC is down another 16% versus fiat and is even a few points lower against BTC over the last twenty-four hours.

The thing to recognize here is this: these developments cannot stay unnoticed forever.

Once the current sentiment cloud lifts and markets start to act rationally (in the sense of responding to developments as opposed to selling off on assets regardless of what’s going on under the hood), the LTC space is going to cash in on the stack of news and developments that’s waiting under the radar right now.

We will be updating our subscribers as soon as we know more. For the latest on LTC, sign up below!

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.


Image courtesy of Litecoin

Bitcoin

Why Bitcoin (BTC) Revival is Likely to Continue

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Bitcoin (BTC) revival
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The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

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Bitcoin

How to Become a Millionaire without Risking Everything with Bitcoin

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Bitcoin
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It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

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Bitcoin

The Best Time to Buy Bitcoin (BTC) Approaches

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Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

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