FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Litecoin (LTC) showing signs of a major price surge in the coming weeks - Global Coin Report
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

VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

Continue Reading

Blogs

Blockchain-Focused ETF Arrives on London Stock Exchange

Published

on

blockchain-focused ETFs
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

Continue Reading

Blogs

Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

Published

on

Jeff Bezos
READ LATER - DOWNLOAD THIS POST AS PDF

Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

Continue Reading

Elite