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Litecoin makes a comeback as the Litecoin Core upgrade gets announced

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Litecoin Core
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The cryptocurrency market is drastically changing around these days; thus, the market is being affected by an unstable pricing that goes up and down while some of the crypto investors look for strategies to face the situation.

Each and every one of the digital currencies, no matter if old or new, are being affected by this global changing market; even the most consolidated ones like Bitcoin, which has had the struggle of passing from a price around $330 billion to now $140 billion.

If that’s the case of the cryptocurrency leader, we can imagine how it goes for the rest of the field. Nonetheless, some brand-new strategies are emerging to become a solution.

Like so is the case of Litecoin (LTC), which seems to have an ace under the sleeve in order to make things work. Charlie Lee, the founder of Litecoin, recently shared a message on his Twitter announcing that: “we have just tagged Litecoin Core 0.16rc1. Once we have tested it enough, it will be released.”

This way, Litecoin Core would represent a solving fact for some of the recent problems the encrypted currency have been facing. For instance, the price of the digital coin was traded double bottoms as the week was coming to an end.

Regarding this, the main LTC struggle has been maintaining the coin on a float while the whole cryptocurrency market seems to be sinking. Since huge price slump happened last Wednesday, Litecoin has had a hard time making their gains acceptable enough, thus, some higher corrections were made as the price is nearly close to the support level at $168.

Nonetheless, all these problems appear now so distant with the launch of Litecoin Core; an open source software that enables LTC usage freely. The software is operated within the terms of the MIT license but deployed by an LTC developers group.

Even though the software was recently updated, the launching date is still uncertain, as Charlie Lee himself declared, it needs to be tested properly before its release to the public market.

The technical landscape

The price of Litecoin has gained a significant value compared to the current cryptocurrency scenario; its USD has gone up in a 2.9 percent in the last 24 hours, which of course is a very satisfying fact considering the numbers were negative during the whole week.

In a satisfactory turn of events, the price of the LTC reached the ground and went right back up again; not only was able to make a strong upside correction but also did it in the record time of 30 minutes, passing from $160 to $167 at 13:00 GMT.

In consequence, the scenario now is very positive; even the moving averages are starting now to correct the upside. As we can appreciate in this chart, a sustainable behavior it’s starting to show up; and all seem to conclude that price control is taken back, meaning in a short term we could be seeing a correction to the upside where Litecoin trade would be priced above $170.

We will be updating our subscribers as soon as we know more. For the latest on LTC, sign up below!

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 Keith Allison via Flickr

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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coins
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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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