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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

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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