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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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