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Litecoin News: LTC Pushes Up, Breaches The Old Limit

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Litecoin News
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In the last 24 hours, amid some good Litecoin news, LTC is recording rather impressive gains. For several days, the seventh largest digital currency by market cap balanced just below $50, been unable to hit this important milestone (once again).

However, this changed recently, when LTC price surged by almost 3%, which allowed the coin to hit the $50 mark finally, and even exceed it. At the time of writing, the coin’s price is just above $54, with a 0.1% increase in the last 24 hours.

While a lot of LTC supporters greeted this Litecoin news, the coin has yet to stabilize. Due to the fact that the market still has not left the bearish trend behind, LTC might still drop to its old price.

However, many see this as big progress, believing that Litecoin will remain above $50. This is supported by the fact that LTC has already experienced slight drops since it passed this milestone, but its price has not gone below it. While it is still too early to say that $50 is the new bottom, many hope that his will turn out to be true.

Any predictions made right now are unreliable, as Litecoin is trying to stabilize after finally making this progress. Ever since it initially surged, its price was jumping up and down, usually by a few cents.

However, the trading volume has, in fact, go up by quite a bit. Following the Litecoin news, LTC volume increased to $372 million. Earlier price predictions for LTC claimed that the coin would hit as much as $600 by the end of the year. Considering how things are now, this almost certainly not going to happen, and it would take quite a bull run for LTC to even come close to this milestone.

Numerous analysts agree that something like this can still happen in 2019. Right now, Litecoin is clearly growing and attempting to establish itself at its new price. The effort is evident to analysts and investors alike, and the coin’s community has been thrilled to see such progress.

Why is Litecoin attracting attention?

Despite the fact that Litecoin is decentralized — it still managed to attract the attention of institutions, and even crypto funds. Investments started coming in, and this is likely the reason for the current growth. It is also open-source, it offers better speed than Bitcoin, and it is a cheaper option for those looking to make transactions.

In addition, the mining process is simpler, volatility is lower than that of BTC, while developers are quite skilled. On top of that, its total supply is relatively low, at 84 million tokens, all hardware wallets support the coin, and finally, LTC is one of the favorite coins of the people of China. Clearly, LTC has a lot of good things happening, and it has a lot to offer.

While it is unlikely that 2018 will end with LTC hitting $600, it is undeniable that the coin is making serious progress.

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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

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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