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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.

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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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