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Litecoin Gemini listing nothing short than gold for LTC, here’s why

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Litecoin has been around the news lately, and this is due to the latest announcement of it being listed on Gemini, a New York-based startup headed by the Winklevoss twins.

The Exchange made this major announcement through a tweet that it will be listing Litecoin (LTC) on its platform in a months’ time. It’s worth noting that the decision was made during the recent Litecoin Summit held in San Francisco, from Gemini Trust Twitter account.

Litecoin’s listing on Gemini Exchange is a great news as the digital asset itself has been subject to criticisms. Its founder, Charlie Lee, recently has addressed the distorted information of FUD (Fear, Uncertainty, and Doubt) surrounding Litecoin.

The Influence of Litecoin Getting listed on Gemini Exchange

Litecoin has been in a dwindling position, and it is striving hard to get a good place in the crypto market which has lots of cryptocurrencies with great utilities. However, Litecoin’s listing on Gemini is a considerable feat for the coin.

Gemini Exchange is one of the best crypto-exchanges in the cryptocurrency market today. The exchange itself has the backing of SEC, and it’s a favorite among crypto enthusiasts.

More importantly, other cryptocurrencies that are already on the platform have boosted the trust of their users or investors in a well-known manner. As a result of that, Litecoin (LTC) investors will also get a boost on faith despite the digital asset still struggles to go beyond the $60 price mark.

Cryptocurrencies such as Bitcoin, Ethereum and ZCash, have been featured by Gemini before Litecoin. With this, Litecoin will join Gemini’s marketplace to boost its stance in the crypto market. Also, this listing will increase Litecoin’s liquidity for its users.

Litecoin’s listing on Gemini Exchange will boom its position, but there is a possibility that it may not move its price to its all-time highs. Last week, Litecoin managed to break above the last major down-trendline, which is a very good sign for LTC but it is heading into the consolidation box.

On the four-hour chart, the consolidation box upper line is also supported with different EMA’s which all starts to work at the support levels. It is necessary to know that at the wake of the Gemini’s announcement of listing LTC, the price of LTC started going well, thus, finding support around $58.5.

More Than 9 Payment Processors Now Support LTC

Charlie Lee has announced that more than nine payment processors now support Litecoin. Some of them are Aliant Payment, BTCPay, Coinbase, CoinGate, CoinPayments, Globee, GoCoin LTCPay, and TravelbyBit. And now, the crypto securing a place on a well-known exchange like Gemini at the time when it’s caught in a lot of FUD might help ease things around it.

The Litecoin CEO have further replied to the FUD surrounding Litecoin that the number of daily transactions has increased. Charlie said in a Tweet:

Litecoin processes $200MM worth of transactions each day. And the network has worked flawlessly for seven years! Litecoin works today as a global decentralized sound money that can’t be censored can’t be reversed or taken away, can’t be counterfeited, and can’t be devalued.”

At the press time, LTC is priced at $55.39 with a market capitalization of $3,237,304,950 after losing its value by 4.35% in the last 24 hours.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Guillaume de Germain on Unsplash

Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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