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

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Litecoin LTC
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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.

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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 Pixabay.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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