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Litecoin (LTC) may touch the psychologically pleasant $70 mark shortly now

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The crypto market is finally showing some green numbers after being in the red for a while, a fact that caused nothing but the concern in the minds of many crypto enthusiasts and investors. Truth be told, during the first six months of the year there was a point where it seemed just like putting a bet on crypto would be a worthless action, but that is precisely what’s changing right now.

The last days have been pretty much positive for the crypto world showing some of the most remarkable momentums, especially, in the leader of the sector Bitcoin (BTC), which as we know has a significant influence on the rest of the market, so in terms of general growth the crypto verse is just giving its best these days.

In this sense, one of the coins that have shown as well some great moves is nothing but Litecoin (LTC), which for the last two days has been gaining momentum. In fact, at the moment of writing the price of the token according to Coinmarketcap is $68.2, and the crypto has increased by 3.98 percent in just the last 24 hours, a fact that suggests the coin may close the day with a price of 70 dollars or even more.

In addition to this, Litecoin is working on the best updates for the community, so there are strong reasons to believe that the coin will continue its rise to the top. Let’s find out the main details behind the works of the crypto.

Litecoin (LTC) developments

Although the positive sentiment is practically a general thing right now, we can’t deny that Litecoin has worked in the best updates to gain momentum as well. So partially, the latest results are influenced as well by some of the strategies deployed.

For starters, we can mention the partnership Litecoin made with Crypto Facilities to offer futures contracts to the whole community. In this sense, despite the promptness of the addition, Crypto Facilities thinks Litecoin may be a crucial key for futures contracts, and this without counting the fact that the LTC token is related to the USD currency, which, of course, can be used as an opportunity for exposure.

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Secondly, Daniel McNally showed a new cross-chain conversion involving Bitcoin and Litecoin last week, and for that, he has used the Lightning Network technology, so it shows a significant advancement as the transference was made without having any interference, which, of course, puts Litecoin in a great position.

However, the most significant update got to be the alliance with the TenX cryptocurrency debit card, a partnership that will help LTC users to put their holdings in the card and be able to use it freely for shopping any kind of goods and services.

In this sense, it was known by a Tweet of TenX that the company is already testing the card, so this could be a major hit for the LTC price. The message reads:

Conclusion

In general terms, we can observe a great performance of the market, but talking about litecoin (LTC) specifically, we can be quite sure (no guarantee in crypto-space) that the coin might continue its rise as all the ground is set to make it possible. LTC enthusiasts, get ready, great things are probably coming for your coin.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Spencer Dahl on Unsplash

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Ripple XRP Mega Breakout: What’s Next?

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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Where will Tron (TRX) be when we land in the same month next year?

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The volatility of the crypto market has made it quite difficult to predict the outcome of what prices will become. To predict the prices of cryptocurrencies, various factors and characteristics are used to forecast whether a cryptocurrency will come up with a bull run.

The price of altcoins is significantly affected by the rise and fall in the Bitcoin price. In other words, if there is an increase in the price of BTC on a given day, there will be a high tendency for other altcoins to follow the same trend.

Concerning Tron, the market activity of Bitcoin has also affected the price of TRX lately. If that is the case, what will be the price of TRX before the year runs out and even next year? Well, we will be using various factors to predict the price of TRX in a year time or so (after seeing the recent market pickup).

The expected value of Tron TRX in a year or so now?

On a positive note, Tron has released lots of projects to aid and benefit its users worldwide, ever since the launch of its MainNet. Even recently, the blockchain announced another mega project known as Project Atlas. Despite the start of these projects, there hasn’t been a significant change in its price until recently. It is essential to know that even when these projects were getting launched, its price kept depreciating.

There aren’t any upcoming projects on…

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Litecoin Cash (LCC): The potential mover?

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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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