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Litecoin (LTC) Advances – Its Value Might Surpass Old Records in 2018

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Litecoin
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Litecoin (LTC) is still largely unstable when it comes to its price, and is struggling to handle the constant market crashes and recoveries. Still, experts believe that this might change in the near future, due to many new partnerships that the coin has entered so far.

Litecoin (LTC) has seen a lot of progress

Ever since the value of cryptos skyrocketed at the end of the previous year, nearly every coin has suffered due to many market drops. The situation was bad at the start of 2018, but it is getting better, ever so slightly, as the year progresses.

Litecoin (LTC) is not very different from others in this regard, but it has a lot of potentials to explode in the near future, according to experts. This is mostly because the coin has been getting more and more accepted and adopted into different platforms. One of the latest news regarding its progress states that it is compatible with Blocknet now.

Blocknet itself has a lot of potentials, and it works as a way to transfer data without it going through the central server. LTC’s compatibility with Blocknet will also allow for the coins to be used as a cross-blockchain method of payment. Users will now have the ability to use LTC to buy any other currency, and vice-versa. This will surely increase LTC’s exposure, as well as its popularity.

However, this is not the only achievement that LTC has had in the recent past. It was also added on Winklevoss twins’ exchange platform Gemini, and there are plans to add it to the mobile crypto wallet called Abra. Komodo (KMD) has also stated that the exchange platform BarterDEX is pairing it up with LTC, which is yet another place where this crypto is getting exposed and used.

P2P LTC trading has also become a possibility on OpenBazar, an open-source crypto exchange platform. Not only that, but this particular crypto is also being favored by one of the biggest stock exchanges in Germany, Börse Stuttgart, who is launching its own crypto-trading app, Bison.

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Considering how well LTC has been doing regarding the various deals and partnerships, many are wondering why this has not reflected on its price. It has even experienced a drop in 20% during the previous week. However, the price isn’t only falling, and the last 24 hours have seen a slight increase as well.

Charlie Lee has stated that the price of LTC, despite the fact that it is dropping, still has a lot more value to it than it had a year ago. Back then, LTC was only $30, and now it goes from $130 and $180, depending on the market. Bitcoin (BTC) is experiencing the same issues, and yet, it too is much higher than it was a year ago. Still, LTC has a large increase coming up in the near future, and there are several reasons why this might happen.

Reasons why Litecoin’s value may increase soon

The first reason why LTC might do well very soon is Bitcoin itself. After all, LTC, like many other currencies, often mirrors BTC’s behavior. However, whenever there is an increase in activity regarding the BTC transactions, its fees go up, while the network slows down. This is when the investors usually discover that LTC offers a much better deal in both aspects, and they decide to start working with it instead.

Also, LTC is now present on Coinbase, which has a constant increase in users. More users on Coinbase means more users discovering Litecoin and its potential, which will be followed by an increase of its use, as well as of its value.

LTC’s low fees and great speed are already good enough reasons to start using it. Add to that its sound platform and excellent blockchain solutions, as well as the fact that it is already a well-established project, and it becomes a very attractive alternative to BTC. The more people realize this, the more partners the coin gets. Also, the more partners it gets, the more media coverage follows. With an increase in exposure, the more people start to use it, and the whole process spins the same circle once again.

Litecoin is a great crypto, and many see it as second only to BTC itself. Its potential definitely promises that this may, in fact, be true. Compared to many other cryptos, LTC is actually pretty steady and stable, and it is believed by both Charlie Lee, as well as LTC supporters that it is only a matter of time before this crypto shines.

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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.

Image courtesy of Marco Verch via Flickr

Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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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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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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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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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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