Connect with us

Blogs

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

Published

on

Litecoin LTC
READ LATER - DOWNLOAD THIS POST AS PDF

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).

For the latest cryptocurrency news, join our Telegram!

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite