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

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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.

Image courtesy of Maxpixel.net

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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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…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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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,…

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Elite