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Litecoin (LTC) price prediction: The bulls might soon take over, here is why

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Litecoin (LTC) continues to work under the radar as an inexpensive and fast medium of exchange. However, price instability suggests Litecoin (LTC) is far from being a reliable unit of account or store of value.

According to our observation, Litecoin continuous announcements of its adoption for both utility and trading is more likely to have a bullish sheathing effect the remaining time of the year. However, better days may be ahead for LTC.

Early this year, Litecoin prices started to depreciate prompting many coin holders to speculate that the price decline was a correction as a result of last year’s enormous bull run. However, Litecoin’s dismal performance has taken a long stay impacting on the digital token.

Although trying to recover, Litecoin has been witnessing reversals that always see the digital asset lose its value more than it was before the brief rallies and price bursts. There is no doubt that Litecoin is a significantly oversold cryptocurrency in the virtual currency market, showing indications of a remarkable comeback.

However, many coin holders have grown impatient and traded off their investments at losses due to lack of confidence and trust in the cryptocurrency and its ability to rise from the murky waters.

On the other hand, analysts are now claiming that the current market trend favors Litecoin and an expected rebound is likely to occur any time from now. Crypto experts are arguing that with Litecoin (LTC) in the oversold region, it is just a matter of time when the bulls will soon take over.

Litecoin Price Value

At the time of writing, Litecoin (LTC) is trading at 60.2 US dollars. The interesting bit about this is that the current valuation of Litecoin is almost similar to 2013’s peak of 50.27 US dollars.

It is prudent to note that today’s trading volume is far higher than it was 5-years ago suggesting two things. One, Litecoin’s value back in 2013 was sustained by the blockchain’s underlying technical worth rather than its market influence.

Since Litecoin’s blockchain technology is more or less the same, investors are urged to be hot on their heels on the products and services Litecoin (LTC) has to offer. Two, more Litecoin (LTC) is being exchanged today compared to back then even though LTC prices are still low indicating that people might be missing something.

In simple words, individuals were initially inspired by the LTC project and what it offered assisting in pushing its prices to higher heights.

However, as new altcoins were launched flooding the crypto market, individuals started looking beyond LTC moving along with the hype that was being created by other coins. The result was that the price of Litecoin (LTC) in US dollars did not reach its expected potential despite the coins impressive history and trading volume.

All hope is not lost. In August, Litecoin’s founder, Charlie Lee disclosed to the world that the digital coin was working with mobile company HTC to build and create new blockchain smartphones.

The smartphones are going to not only serve Litecoin but serve as a wallet for various cryptos although Litecoin will be better placed to take advantage of the new project. The realization of this project is sure to increase the price value of Litecoin (LTC).

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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 Pixabay.com

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Healthereum All Set to Tackle Problems of the Medical Sector

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Healthereum
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There has been a growing realization across medical circles that patient engagement is crucial in health management and for the general well-being of people. With that said, there isn’t much clarity about what patient engagement might entail. Several healthcare providers have tried to apply their own ideas of enhancing patient engagement, often overworking their limited staff and exhausting their financial resources in the process. They either end up giving up on the idea altogether or only carry it forward haphazardly.

The contemporary healthcare landscape is marked by no-shows, the lack of patient engagement or unsustainable attempts at it, poor survey response rates, and fraudulent insurance claims and billing errors. In such a setting, Healthereum brings a blockchain-based solution to tackle healthcare’s biggest challenges. Healthereum is a platform that will bind provider-patient and hospital-patient interaction into smart contracts, improve accountability, promote healthy behavior, offer two-way communication, and verify services—all in one.

Gamification of Appointments

Healthereum makes ingenious use of Ethereum blockchain technology that enables healthcare providers to give out HEALTH tokens through HELIO Syndicate to patients who show up to their appointments and/or complete the gamified tasks on the platform. These tokens can then be used for health benefits from their healthcare providers, hence enabling the full cycle of healthcare blockchain experience.

This experience helps to incentivize responsible behavior from the patient’s end which can save the healthcare industry billions…

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Facebook Is Getting Closer to Launching Its Own Cryptocurrency, but Why

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The rumors of Facebook own cryptocurrency are nothing new in the vast world of cryptocurrencies. They have been around for over a year now, with some insider reports confirming them for months, now. However, recently, another wave of confirmation has emerged, and these ones are referring to the coin as GlobalCoin.

There was already a number of events that seem to confirm the coin’s existence even further, such as the Facebook CEO, Mark Zuckerberg, meeting with the US Treasury and contacting the Bank of England in order to seek regulatory guidance and confirmation. Something is definitely coming, but one question that many are still asking is: Why? Why is Facebook developing its own cryptocurrency?

Facebook’s GlobalCoin

According to reports from those who seem to be familiar with the matter, GlobalCoin is expected to arrive in Q1 2020. In other words, the social media giant is ready to enter the final phase of designing the coin and start conducting various tests.

Considering Facebook’s size and user base, the coin will truly be a global one, and while this is nothing special when it comes to cryptos — they are borderless, after all — this will be the first coin with such a massive exposure. It will also be pegged to a number of different fiat currencies, such as the EUR and USD, and likely half a dozen others.

With…

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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