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The rise of Litecoin (LTC) could be quicker than everyone expects



Litecoin LTC

Following Litecoin (LTC) progress in the cryptocurrency market, it seems the digital coin is on the long-term rise recording upward value trajectory for the past few days showing no sign of stopping. That is the main reason why many investors and traders are looking into the virtual currency to try and predict its prices before this year ends.

Before we continue, it is imperative to understand that Litecoin (LTC) is far more similar to Ethereum and Bitcoin than one could expect. Only by understanding their shared attributes and features is when you will be able to predict its value and price easily (and close-to-perfect).

At present, although facing a lot of resistance at the 77 US dollar level, Litecoin is on its way up with signs of fetching higher prices against Bitcoin (BTC) and the US dollar. The virtual currency is facing a lot of resistance at the 77 US dollar mark.

Currently, Litecoin (LTC) is exchanging at 74.9 US dollars after a price appreciation of 1.09% over the past 24-hours. In regards to its market capitalization, Litecoin boosts of an impressive $4.32 billion worth of market cap with a trading volume of over 271.6 million over the past one day.

Litecoin (LTC) Price Analysis and Movement

Although taking the market by storm with plenty of good news, Litecoin (LTC) has had several price declines recorded beneath the 77 US dollar level against the US dollar.

Litecoin (LTC) depreciated beneath the 75 US dollar support level and further declined to a new significant support level of 72.50 US dollar level. From the graph of the virtual currency, the price of Litecoin (LTC) found offers close to the 72.5 US dollar mark and began correcting higher.

Despite the adverse movements, the virtual currency managed to surge over the resistance level of 74.5 US dollars breaking the 50% Fibo retracement level of the prior swing from a high of 78 US dollars to a low price of 72 US dollars. Litecoin (LTC) also exchanged over the 76 US dollar level and the 100-hourly SMA.

Notwithstanding, Litecoin (LTC) faced opposition at the 77 US dollar level and the 76.4% Fibo retracement mark of the former swing from the high and low of 78 US dollars and 72 US dollars respectively. Also, with a resistance level of 77 US dollars, it seems the formation of a critical bearish trendline might be on the offing.

If Litecoin (LTC) manages to break below its immediate support level of 74.5 US dollars, the price valuation of the virtual currency is likely to test the support area of 72.50 US dollars.

On the other hand, if Litecoin (LTC) manages to break the resistance level at 77 US dollars, it could open doors for more good news and gains towards the much awaited 100 US dollar price level and beyond.

Virtual currencies could benefit a lot from dosages of positive reviews and comments in sustaining their rallies from the previous month. A lack of positive news and reviews risk another cryptocurrency downfall that might lead to huge loses all over the place. Cryptocurrencies such as Litecoin (LTC) should strive to continue maintaining their green performances by giving cryptocurrency community members reasons to invest and trade their virtual assets.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes




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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Crypto Billionaire Predicts Massive Price Growth by 2021



crypto billionaire

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level




Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

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These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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