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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

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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Bitcoin

IE Option – 91% Profit on BTC Fluctuations in Every 60s

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On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage. 

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility? 

BTC Option is a profitable trading product that you can turn to!

What is Option?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price. 

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit. 

IE Option – Get…

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Bitcoin

4 things you should know about bitcoin casinos

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Bitcoin casinos
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Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.  

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

In BTC Casinos anonymity matters 

Another amazing benefit of Bitcoin Casinos is the ability to stay completely anonymous during the transactions and gameplay. Thanks to the…

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