Connect with us

Blogs

Litecoin (LTC) showing signs of a major price surge in the coming weeks

Published

on

Litecoin LTC
READ LATER - DOWNLOAD THIS POST AS PDF

The world’s 7th most powerful cryptocurrency by market cap, Litecoin (LTC), has been making headlines and headways recently as the digital coin is finally starting to live up to its name. Currently, Litecoin seems to be fully lit.

In this week, after Monday, the prices of Litecoin (LTC) have been in a bullish trend (technically) rising from its low of 51.05 US dollars to the high of 58.73 US dollars. However, regardless of the good news, the prices of Litecoin (LTC) was resisted, and the prices of the digital coin fell to a low of 55.90 US dollars. Since last week, the price value of Litecoin (LTC) has been depreciating between the levels of 60 US dollars and 50 US dollars.

Today, Litecoin (LTC) prices continue to depreciate between those price levels until the digital coin is broken by price. At present, the prices Litecoin (LTC) is currently fetching 57.16 US dollars per coin. Nevertheless, both the signal line and the MACD line are below the zero-line indicating a trade/sell signal.

Subsequently, the price value of Litecoin (LTC) is below the 12-day and 26-day EMA respectively indicating we might be in the early stages of a bearish trend. The Relative Strength Index (RSI) for period 14 is in level 44 indicating the price value is in the sideways trend zone.

Litecoin (LTC) Price Trend and Forecast

At the time of writing, Litecoin’s market capitalization stands at 3.3 billion US dollars with a trading volume of 217.5 million US dollars in the last 24-hours.

When it comes to predicting the value of the coin, many crypto experts are of the opinion that Litecoin (LTC) is going to reach a price value of 600 US dollars or more before this year ends. At present, when you compare the virtual currencies in the market, you will see that Litecoin is doing a very good job of maintaining a good position among the many digital currencies.

Many cryptocurrency funds and institutional investors are either investing in the digital asset or are intending. This is the reason behind Litecoin’s (LTC) daily increasing number of transactions. If you are looking to invest in Litecoin (LTC), now might be the best time to trade in the digital asset as you would be in a good position to make some handsome returns throughout the year – thanks to Litecoin’s price prediction for 2018. But as always, it would be prudent to diversify your virtual currency holding to reduce the risks involved significantly.

Not too long ago, the virtual currency declined in value drastically against the US dollar and found a new support level that is close to the 49 US dollar mark. Shortly afterward, Litecoin (LTC) started an upward trend and corrected over 52 and 54 US dollar mark.

As you look at Litecoin performance chart, you will see the price value of the virtual token bids close to the 50 US dollar mark, a connecting support trendline. Litecoin’s price managed to keep a brave fight that led to its higher price surge that broke the resistance level at 54 and 55 US dollars respectively. The most recent price surge was positive as the digital coin exchanges hands over the 50% Fibo Retracement level of the prior swing that was of a high of 60.6 US dollars to the low of 49 US dollars.

Nevertheless, the price value of the virtual asset is currently capped on the upper side of the 57 and 60 US dollar levels. The 61.8% Fibo Retracement level and the 100-hourly SMA of the prior swing of the high of 60.6 US dollars and a low of 49 US dollars is close to the 58 US dollar mark.

Overall, there is another major hurdle Litecoin will have to jump that is close to the 60 US dollar mark. If Litecoin manages to appreciate over the 58 US dollar level, it will need to break the 60 US dollar level to correct further. Consequently, Litecoin has to maintain its immediate support level of 55 US dollars to avoid further declines.

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

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

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

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

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

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

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:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

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

Continue Reading

Elite