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Litecoin (LTC) at New Lows This Year. Is It Time To Get Some More?

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Litecoin
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Current analysis of the current levels witnessed by Litecoin (LTC) indicates that the coin has recently hit new lows for the year. LTC is currently trading at $96.80 and down 8.64% in the last 24 hours. Further analyses indicate that a new low was achieved on Wednesday, 14th of June when the coin was valued at $94.97.

Doing a bit of time traveling and checking when LTC last reached these levels, we find that LTC tested these levels, back on the 28th of November. Litecoin would later skyrocket to new levels of $339 on December 12th and $371 on December 19th according to coinmarketcap.com.

So, is it a good time to buy some Litecoin?

Warren Buffett is one investor who does not shy away when the traditional stock markets are in turmoil. As a matter of fact, this is the time Buffett is known to get excited about buying stocks. He loves to buy and hold.

But we all know Buffett does not like cryptocurrencies.

Very true. But we can still borrow the analogy. Litecoin is at a very low level right now. Anyone with additional capital and the risk tolerance of the cryptocurrency markets can go ahead and buy. However, please note this author is not a financial adviser. He is simply working from observing past trends.

Recent Litecoin news.

Abra Global has been bullish about Litecoin (LTC) for quite some time now. The company’s CEO has even stated that the company will be using LTC as their primary digital asset moving forward. They will use Litecoin for their smart contract investing solution because of 3 reasons outlined below:

  1. Commitment to Bitcoin compatibility
  2. Better scalability than Bitcoin
  3. Lower transaction costs than those of Bitcoin

The Abra Wallet has since added Litecoin to the platform and supports direct withdrawals and deposits of the coin.

Litecoin is still living in the shadows of the disappointment of Litepay which was canceled abruptly due to what Charlie Lee termed as lack of due diligence. But time is always a factor for such a project to recover its footing in the crypto-verse. Perhaps this new low value is a sort of ‘reset button’ for the coin and project to start afresh on a new leaf.

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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.

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Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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Blogs

3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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